Birketts, the award-winning, top 100 law firm based in the East of England, has advised on the sale of Crescent Building Supplies (Ruislip) Limited to Grafton Group (UK) Plc. The financial value of the acquisition was not disclosed.
Crescent Building Supplies provides building and DIY products to both trade and retail customers.
Birketts acted on behalf of Les and Paula White, providing property, tax and employment advice.
Les White, managing director at Crescent Building Supplies commented: “’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.”
Birketts was recently crowned ‘corporate and commercial regional firm of the year’ at The Legal 500 UK Awards and ‘corporate law firm of the year’ at this year’s Dealmakers Awards.