East Anglia-based Birketts advises on sale of Crescent Building Supplies
James Austin of Birketts. - Credit: Archant
East Anglia-based law firm Birketts has advised on the sale of Crescent Building Supplies, based in Ruislip, north-west London, to the Grafton Group.
Crescent provides building and DIY products to both trade and retail customers. Birketts acted on behalf of the vendors, Les and Paula White, providing property, tax and employment advice.
Mr White, managing director, said: “Birketts’ team, represented by James Austin and Lynne Hill, operated in a very professional and helpful manner during the sale. They were at all times in control of the situation and assisted me during this stressful time as the target seller. I cannot recommend them highly enough to any company looking to dispose of a business interest.”
James Austin, who led the Birketts team on the transaction, said: “This required resources from a number of teams across the firm and it’s always particularly pleasing when we’re able to meet our clients’ needs by pulling together in this manner.
“The work was primarily carried out by the Ipswich team, including Lynne Hill, Karl Pocock, Greg Jones, Stuart Raven and Sarina Bailey.
“I am delighted that this family business which has grown over the last 24 years has made a successful exit. The deal will allow Grafton Merchanting GB to extend its offering to building professionals across the South East.”
The financial value of the transacton was not disclosed.
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Birketts, which is based in Ipswich and also has offices in Chelmsford, Norwich and Cambridge, was recently crowned Corporate and Commercial Regional Firm of the Year at The Legal 500 UK Awards and, earlier last year, Corporate Law Firm of the Year at the 2014 Dealmakers Awards.
