Blake Morgan has advised the shareholders of Hughes & Salvidge Waste Management Limited on its sale to South West based McCarthy Marland in a multi-million pound transaction.
The transformational deal, supported by Shawbrook Bank, sees McCarthy Marland double the size of its operation, which now includes two additional sites, Aasvogel operating in Wantage, Oxfordshire and Valley Trading in Tetbury, Gloucestershire.
Hughes & Salvidge Waste Management has been a long-standing client of Blake Morgan which has supported its growth strategy for over a decade.
Former Hughes & Salvidge Waste Management Limited shareholder and director, Jean Stevenson, commented: “Having gone through a successful company sale processes before, it’s very much bitter sweet for us selling a great business that the Hughes & Salvidge Waste Management team have built up and developed over a number of years. We are pleased to handover the business to another family run regional player and wish the McCarthy Marland team well in taking the business through to the next stage of its development.”
We are very grateful to Blake Morgan for helping us on our journey and for all of their guidance and expertise over the years. I would like to thank Mat Wilson and his team for providing exceptional support throughout the entire process and for always being available to give the first class advice we truly value.
Corporate Partner, Mat Wilson commented: “We are delighted to have advised Jean and her fellow shareholders on this important deal for them. I am pleased we were able to support the shareholders across a diverse range of issues demonstrating the quality of our specialist expertise throughout the firm, including corporate, tax, property, employment, banking, pensions, private client and commercial law. I would like to thank my colleagues and everyone who worked so well together on the deal, including Richard Hall and his team at Polestar Corporate Finance as well as Mike Middleton and his team at Azets for their expert tax and accounting support.”
Blake Morgan’s team, led by Mat Wilson, consisted of Jodie Grove, Kate Eyres and Manoj Styche-Patel (Corporate); Cathy Bryant (Corporate Tax); Andrea Mathias (Property); Holly Cudbill (Employment); Meera Jansen, Lauren Buckmaster and Richard Rogers (Banking); Rupert Graham-Evans (Pensions); Simon Treherne (Private Client); and Liz Bell (Commercial).