Corporate & Finance News
Derby solicitors Flint Bishop and Smith Cooper accountants have assisted in the acquisition of the trade business and assets of McGrattan Piling Ltd by Aspin Group. The Group delivers foundations to all superstructures within the Railway environment and across industry.
Aspin chose Partner and Head of Corporate Finance Ran Oren and his team at Flint Bishop to advise on the deal as a result of a strong recommendation and their expertise in handling a broad range of multi-million pound takeovers and acquisitions.
Transaction advisory services were provided to Aspin by David Nelson of Smith Cooper.
The Aspin Group are solution providers and deliver quality and competitive foundations to all superstructures within the Railway environment and across industry. The Aspin Group provide site investigation, design consultancy, management, installation and plant services, to deliver all aspects of substructure and superstructure installation across the UK and further afield.
McGrattan is a welcome addition to the Aspin Group’s already strong portfolio as it specialises in the design, supply and installation of temporary and permanent sheet piling along with the supply and installation of king post, steel bearing and tubular piles. It provides complete design and construction packages for Foundation Piling, Marine Piling, Retaining Walls and Cofferdams.
Flint Bishop’s Corporate Finance team facilitated the deal by providing a responsive, cost-effective legal service, specifically customised to Aspin’s due diligence and acquisition requirements, working alongside Aspin’s own professional acquisition team.
Finance Director of Aspin Group, Stephen Lee says: “Aspin are pleased to expand our portfolio delivering complimentary services whilst enhancing our existing footprint across the UK. Flint Bishop worked very effectively with us to ensure that this transaction was undertaken as smoothly as possible.”
Ran Oren says: “Aspin Group is very ambitious and it’s a real pleasure to see it develop a base in Scotland from which it can continue to provide its excellent service and broaden its client base”.
“This acquisition forms part of an exceptionally strong deals pipeline for us in 2013. Each year, our corporate finance department handles tens of millions of pounds worth of deals, including buy-outs, joint ventures, disposals and acquisitions. Quite often, these are international in aspect and complex in nature.”