Deals Hotting up During Heatwave Summer at Pearson Solicitors
It’s been a summer of successful deals for the corporate team at Pearson Solicitors, who have recently completed the third acquisition in quick succession for award-winning telecoms and IT provider, Communicate Better, helping their expansion into new markets as they aim to grow the company and break the £10 million turnover barrier.
Corporate Partner, Keith Kennedy, acted for Communicate Better Holdings Limited in its recent acquisition of Yorkshire based Chilli Telecom Ltd and BE IP Ltd for an undisclosed sum. The sister companies specialise in the supply and installation of traditional telephone systems, maintenance and network services.
Commenting on the deal, Wayne Cartwright, CEO of Communicate Better, said: “We are delighted with this acquisition as it’s the third company that we have targeted this year. All three transactions have completed which is testament to the hard work and due diligence the team have put in.
“It’s a significant achievement completing multiple acquisitions at the same time, all three give us different opportunities to expand the business which is our ultimate strategy and we have doubled the size of our customer base, which is fantastic,” he added.
This deal is the latest in a busy summer for Keith and the corporate team at Pearson Solicitors. Caerphilly-based VCUK Ltd and VCUK Services Ltd, sister companies both trading as Vision Communications, were first acquired by Communicate Better, followed by Pudsey based Telemaxx Limited.
The corporate team’s growing reputation for transactional work has seen them complete the three share acquisitions described above, one share sale, one asset sale, and two share buy backs in the summer period. This follows a busy 2017 and early 2018, during which the team advised on deals ranging in size from £200,000 to £20m.
"We are delighted to have helped Communicate Better with its latest acquisitions and look forward to continuing to help the group build on its success of the last few years,” said Keith. “It’s always a pleasure to see companies we work with grow and prosper and I’m sure Wayne and the team will now be looking towards the next deals for 2019 and driving their business forwards.”
If you are thinking about buying or selling a business, or need general corporate advice, please call 0161 785 3500 and talk to Keith and Pearson’s corporate team.Subscribe to our newsletter
Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.
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