Region’s professional firms help steer service companies in major sale deal
Some of the region’s top professionals were involved in a recent sale deal involving two Bury St Edmunds-based firms, it has emerged.
Energy efficiency firm Llewellyn Smith was sold to fast-growing facilities management business Servest for an undisclosed sum.
Founded in 2002 Llewellyn Smith, which is led by group chief executive David Llewellyn and based in Bury, has a nationwide network of inspectors and chartered surveyors, provides compliance and consultancy services to the commercial and domestic markets, including the big six utility companies. The acquisition will enable Servest to offer additional energy services advice and expertise to clients.
Ipswich-based law firm Birketts advised Servest Group, while Bury St Edmunds-based Greene & Greene Solicitors and Ensors financial advisers supported Llewellyn Smith.
The team at Greene & Greene was led by Simon Ratcliffe, a partner in the corporate team in Bury St Edmunds, who was closely supported by solicitor Andrew Cooper and commercial property partner Neil Grigg.
The Ensors team was led by corporate finance partner David Scrivener. David was supported on the deal by Robert Leggett, specialist transactional tax partner.
Rafael Ruiz of Birketts led the corporate team, and was supported by colleagues in the corporate, commercial property and tax teams, including Heidi Jones, Georges Villeneau, Amanda Early and Carol Bun.
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Servest Group chief executive Rob Legge said the firm had identified Llewellyn Smith as being a good strategic fit for the expansion of the business in the high-growth energy management sector and this transaction marks a new chapter in the Servest Group’s history.
“The team at Birketts was highly responsive, and frequently demonstrated their commitment to the high standards of client service we have come to expect through our longstanding relationship. They drove the transaction and kept command of the process throughout,” he said.
Mr Ruiz, corporate partner at Birketts, said: “Last year Birketts advised Servest Group Limited and its owners on its capital funding, with new working capital and acquisition facilities to enable Servest to reach its goal of becoming one of the top five independent support services companies in the UK.”
He added: “I am delighted with the way that we met Servest’s needs and the demands of the transaction, and that we continue to be a part of this East Anglian success story.”
“We are delighted to join the Servest Group, one of the leading facilities management providers in the UK. We have been impressed by the vision that Servest has for Llewellyn Smith and are excited about the prospect of growing the business further. Simon, David and their teams have been a great support to me and my fellow shareholders and directors through this process and over the last 10 years as advisers to our company, for which we are very grateful.”
Mr Ratcliffe of Greene & Greene said: “We are very pleased to have helped the shareholders of Llewellyn Smith through this process and in joining the Servest Group. We wish David and his fellow directors all the best for the future and are confident that the business will continue to thrive as part of this diverse group of companies.”
Mr Scrivener of Ensors added: “I join Simon in wishing all of the shareholders well for the future – I am very confident that they will be successful in developing Llewellyn Smith under new ownership in such an exciting, growing market. David Llewellyn is one of the most respected individuals in the industry and it has been a pleasure to work with him and his team on this deal.”
The transaction follows Greene & Greene and Ensors’ involvement in advising David Llewellyn, Terry Bentley of Llewellyn Smith and the other shareholders on the sale of Solutions 4 Energy Ltd to a competitor in 2010.