Quick search
CTRL+K
Quick search
CTRL+K
Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.
posted 7 months ago
We are delighted to announce that we have advised Astra Holding Group Ltd on the acquisition of Acorn Mechanical Pipework Services Ltd (Acorn MPS). Acorn MPS is a provider of expert mechanical and electrical solutions in both commercial and industrial environments.
Astra Holding Group is a UK-based investment firm focused on acquiring and growing small and medium-sized enterprises (SMEs) that are profitable, yet face succession planning challenges by leveraging scale, capital, innovation, and digital tools. They are active within capital-light, business to business manufacturing, distribution, or service businesses in industrial sectors. This transaction marks their second acquisition within six months.
The Company was founded in 1980 by Robert and Linda Jarrom and provides mechanical and electrical pipework solutions for heating and cooling projects in commercial buildings, public buildings, manufacturing, and processing plants. Acorn MPS has played a crucial role in major projects at NHS Trust hospitals, universities, and key UK airports.
Gerald Edelman acted as a buy-side financial adviser, undertaking financial and taxation due diligence and providing wider buy-side advice to both Astra and the lender, Close Brothers.
William Abell, Partner at Gerald Edelman, commented: “It was a pleasure to advise the Astra team on their second acquisition. As with any transaction, the deal was not without its challenges and all parties should take credit for working through those and reaching a position that works for all involved. I look forward to seeing Acorn MPS grow and thrive under Astra’s ownership”.
Amit Rai and Sergey Sushentsev, Co-Founders of Astra Holding Group, commented: “We are delighted to have completed the acquisition of Acorn MPS, marking Astra’s second acquisition and a key moment in our mission to preserve and grow profitable UK SMEs that face succession challenges. We are incredibly grateful to the Gerald Edelman team for their support during the transaction.”
Stay informed with the latest legal developments at Global Law Experts
Author
posted 2 days ago
Find the right Legal Expert for your business
Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
Send welcome message
