Blake Morgan completes electrical wholesaler merger
Templegate Electrical Supplies Limited (TES), a leading regional independent electrical wholesaler based in the South West of England has merged with Total Electrical Distributors Limited, a regional independent electrical wholesaler based in Bridgend.
James Williams and Richard Jones of Blake Morgan having acted for the shareholders of Templegate Electrical Supplies Limited, in connection with the sale to Morris Mclellan Limited, a member of the JW Morris Group. The sale included the merger of the purchaser's existing electrical wholesale business, Total Electrical Distributors, with Templegate Electrical Supplies Limited.
The new combined group will trade as Templegate Electrical Supplies Limited with branches in Bridgend, Bristol, Cheltenham, Dorchester, Newport and Swansea.
James Williams, Corporate Partner with Blake Morgan said: “The merger has been warmly welcomed by the shareholders of both businesses as it enables TES to enter the next stage of its corporate development and expansion within the UK market. With aspirations to become one of the leading independent electrical wholesalers within the UK, the platform is now secure for future growth and success.”
Glyn Bailey, seller of Templegate Electrical Supplies Limited said: “May we offer Blake Morgan our sincere thanks and gratitude for all their help and support in the sale of our business. At the outset of the process we simply did not appreciate the full extent of legal work and guidance necessary in that task. We found both great comfort and confidence in the professionalism carried out in every aspect of the work they were responsible for. We have absolutely no hesitation in recommending Blake Morgan to anybody looking for legal help and advice”.
Blake Morgan has an international portfolio of multi-national client companies (public and private), SMEs, owner managed businesses and start-ups with a need for high-quality corporate and M&A support and advice.
The corporate team is acknowledged within the legal industry and in the independent legal directories, for providing a first-class level of service across a wide range of transactions including mergers, acquisitions, sales, private equity and joint ventures.