The team at Leith are delighted to announce the acquisition by Liverpool based Ventilation Surveys and Services Limited (www.breathevss.co.uk) of Surrey based Sani-Duct Installations Limited (www.saniduct.com), specialist contractor in indoor air hygiene services. The completion of the deal took place on the 20th December 2018.
Exact details of the transaction value will remain undisclosed but we are able to confirm that the deal was a 100% share sale. Leith Mergers & Acquisitions Limited acted as exclusive advisors to Sani-Duct Installations Limited and its Shareholders.
We are delighted to have secured the deal for the Shareholders’ of Sani-Duct Installations Limited and the senior management team will remain in place following the transaction. We would also like to congratulate Ventilation Surveys and Services Limited and the employees and customers of both companies.
Linda Jackson, Managing Director of Sani-Duct Installations Limited comments, “We are delighted that Leith M&A have secured completion to ensure the succession and longevity of Sani-Duct through VSS. The completion ensures continuity for customers and employees, providing increased services and opportunities for both. We are extremely confident and excited to remain involved in the development of Sani-Duct with the VSS management team.”
VSS chief executive, George Friend, adds “We have known Sani-Duct for around 20 years, through trade associations and it came to our attention that owners Linda Jackson and Brian Hargreaves were looking for someone suitable to take on the business. The deal was finalised in December and we are delighted that Linda and Brian will be staying on during the two-year merger process.” He continued: “We will be retaining all staff and contracts, bringing our current team to 90 and increasing our revenue by around £1million per year.”
Managing Director of Leith Mergers & Acquisitions, David Nelson added: “The team at Leith are incredibly pleased to have worked with Brian Hargreaves and Linda Jackson throughout the process of selling Sani-Duct Installations and wish them the very best for their future. The Company’s future looks bright as they start 2019 having joined the successful team at VSS.”