Sale of Sussex Plumbing Supplies
Our Corporate Team, led by Ian Morris, successfully advised the shareholders of Sussex Plumbing Supplies group (“SPS”) on the sale of the SPS to Grant & Stone Limited.
Established in 2000, SPS is a well-respected independent heating and plumbing merchant. SPS grew from a single trade counter in Eastbourne to eight branches spread across East Sussex with its headquarters located in Polegate. Grant & Stone Limited is part of the Independent Builders Merchant Group (“IBMG”), the largest independent builders merchants group in the South of England.
Glenn Vinall, Managing Director and previous owner, said:
"I would like to thank Ian and his team at EMW for all their help, hard work and professionalism during our transaction. They were there for us from start to finish."
“As a law firm with a well-established Sussex presence, we were very pleased to be able to support the shareholders of SPS on what was for us an ‘on-patch’ transaction. We wish Glenn, Matt and Bill every success in their new roles with IBMG”
Grant Thornton’s Mike Hughes, Tom Grant and Oliver Knight provided Corporate Finance advice to the selling shareholders.
Get in touch
For more information about this deal please contact Ian Morris or give us a call on 0345 070 6000.
Our corporate team advise companies, management teams, investors and debt providers from business start-ups and first round finance agreements through to mergers and acquisitions, management buy outs, development funding and exit.