Mercer & Hole Corporate Finance assist Stonbury Limited on acquisition
Mercer & Hole Corporate Finance assist Stonbury Limited on their acquisition of Kingcombe Aquacare Limited
Kingcombe Aquacare Limited is a civil engineering business specialising in all aspects of water maintenance, management, restoration and construction. Headquartered in Crewkerne, Somerset, the business was established 30 years ago. Originally focussing on water features facilities management, the Company has grown its offering to encompass a wide range of water-based civil engineering and maintenance services. For Stonbury, a rapidly growing specialist contractor to the water industry, the business is a natural fit to their existing services providing a new geographical base with an excellent local client base, additional framework contracts, as well as personnel with additional skill sets, experience and complimentary services.
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M&H Corporate Finance, led by Director Mike Orton and supported by Senior Manager Tom Pollard, provided financial and tax due diligence services to Stonbury. The process covered a review of the Company’s recent historical performance, forecast figures and assumptions and tax position.
Mike Orton, Corporate Finance Director, commented “We are delighted to have been able to advise Stonbury on this acquisition which further strengthens their position and offering.
John and Theresa have grown Kingcombe into a successful business with a strong reputation in the market. Under the ownership of Stonbury, John and Theresa can rest assured the business has a bright future ahead”.
Please do get in touch with a member of the Corporate Finance team should you wish to discuss the above in more detail.
Date: 8th September, 2017
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