The situation.
The shareholders appointed Leith M&A as sole adviser to plan for their retirement and secure the future of the company, its staff and its customers.
Our approach.
Agreed buyer criteria with the shareholders.
Confidential approaches to 150 UK companies in construction and contract services.
A refined shortlist, leading to competing offers from industry-leading corporate buyers and investment groups.
What made it difficult.
Selling a privately owned company to a FTSE-listed buyer means bridging two very different cultures. The deal still completed within seven months of our first meeting, with some late-night negotiation on the finer points of the share purchase agreement.
The outcome.
SIG PLC was chosen for its commitment to the company’s future, its employees and its clients. After due diligence, SIG acquired 100% of the share capital for an initial consideration of £3.5m.
