Case Study: Hants & Dorset Trim Limited
- Deal size:
- Company Sales & Acquisitions
- Deal completed:
- January 2006
Meridian Corporate Finance LLP ("Meridian") advised management on the sale of Hants & Dorset Trim Limited (“H&DT”) to Wilts & Dorset Bus Company Limited, a subsidiary of Go-Ahead Group plc, for a total cash consideration of £4.3 million on a debt free/cash free basis.
H&DT Ltd provides bus refurbishment and accident repair services and a seat re-trimming service to bus and coach operators.
Based in Southampton, the business provides its services to both large and small bus and coach operators in the London and South East region. The sale was concluded in just over 6 weeks.
Nick Gent and Richard Atcherley of the Corporate team and Deborah West of the Employment team at the Southampton office of Lester Aldridge acted on behalf of the vendors.
Chris Drew of H&DT commented "Selling a company has got to be one of the most stressful things possible. The guys at Meridian carried this out for us with as little fuss as possible. They sold our company with complete professionalism giving us total commitment together with kindness and consideration throughout. A sincere thank you to everyone involved.“