Forvis Mazars provides financial due diligence for Phillips Industries' acquisition of Fortech

Forvis Mazars in Poland provided financial due diligence services to Phillips Industries in the context of the acquisition of Fortech Poland Sp. z o. o. sp. komandytowa, a manufacturer and distributor of electrical connectors and cables for commercial vehicles. Phillips Industries, Inc. of Santa Fe Springs, CA is a worldwide leader in supplying electrical and air brake components to the commercial vehicle industry. 

“Phillips recently completed the acquisition of Fortech Poland as part of its strategy to develop a stronger position in the EU and Eastern European markets. Forvis Mazars supported Phillips on the pre-acquisition investigation, negotiation, contract development, and integration. We were very pleased with the quality of their work at each stage of this project as well as their advice in support of this important activity.” - Pete Joy, Global Business Development – Phillips Industries.

“We were delighted to have been able to advise Phillips Industries on this promising acquisition and to provide assistance with their expansion into Europe. It was an intense process which required us to work closely with the client and its legal advisors on the project, and we wish Phillips Industries and its management team a successful expansion and development of the business.” - Jan Fido, Director – Forvis Mazars Poland