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We’ve just helped South West-based Longhouse Group to acquire the region’s leading independent roofing supplies merchant, Roofing Supplies (SW) Limited (RSL).

The deal, which involved some of the region’s most respected professional services firms, saw a team of our own experts carry out the completion accounts – essentially verifying that the actual financial position of the target company at completion is what the parties expected when, based on historic financial information, they signed the contracts.

This means our client Longhouse’s stable of South West companies, which includes grounds care machinery specialist MST and light engineering supplier Parkins, now has assets with a combined turnover of £22m employing over 110 people.

The acquisition of RSL, which has premises in Plymouth, Exeter and Newquay, sees the company’s previous directors step out of the business and replaced by new general manager Damion Fearnley.

Plymouth-based law firm Wolferstans looked after the legal aspects of the deal for Longhouse Group.

To read more on the story click here: http://www.insidermedia.com/insider/southwest/longhouse-strikes-roofing-supplies-deal 

(Pictured L-R:  Simon Foster & Nigel Godefroy of Longhouse Group)