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HEWITSONS ADVISES LEADING BUILDING SERVICES FIRM PLAN FOR THE FUTURE WITH MANAGEMENT BUYOUT
22 June 2016
A team at Hewitsons (England) led by Northampton Corporate Finance Partner Neil Harpham has just successfully completed a management buyout on behalf of the management team of Briggs & Forrester. The company is one of the building industry’s largest privately-owned mechanical and electrical contractors responsible for many high-profile national construction projects. In Cambridge this includes work on the new research laboratories at Granta Park, whilst in Northampton it carried out the building services fit-out for the University of Northampton Innovation Centre.[caption id="attachment_2762" align="alignleft" width="150"] Neil Harpham[/caption]The deal has taken all of this year to come to fruition and has involved an array of fee-earners. In Northampton support on the corporate side was provided by Anne-Sophie Reynolds, David Browne and Jack Hook. The structure also involved the setting up of an employee benefit trust. James Lawrence in Cambridge advised the company on this aspect. The firm has also acted for the outgoing majority shareholders, the Stanton family, for a considerable time. Carolyn Bagley of the Northampton Private Client Team advised the trustees of the family trusts in the immediate run-up to the deal.The transaction is a significant landmark in the history of the company and our close involvement with the new management has helped to strengthen an already strong relationship with a key corporate client.The corporate finance and tax advice was provided by MHA MacIntyre Hudson.