EP (Builders Merchants) Limited was a well established Leicester based builders merchants focused on the sale of heavy side materials. At the time of the transaction the company had reached a turnover of £6 million, employing around 25 people. Today the company has a turnover of £6 million and employs around 25 people.
Our Corporate Finance team, led by Sally Saunders, acted as lead advisers to the sellers, who were seeking to retire. We identified that our clients’ efficient and very well maintained site in South Wigston would be attractive to a number of builders merchant groups at a time when there was considerable industry consolidation. In order to maximise value we identified the likely potential purchasers and negotiated with them in a sale auction process. Following several rounds, Jewson were selected as preferred bidder.
We led the negotiations and project managed through to a timely completion, combining our lead advisory services with our transactional tax offering to ensure the transaction was structured in the most effective manner.