Acquisition puts Stockport firm on path to next stage of growth journey

Gorvins Solicitors has advised Stockport-based nationwide printer and photocopier supplier, Leemic, on its acquisition by DMC Canotec, of Croydon, a provider of managed print services and document management systems, for an undisclosed sum.

Leemic serves a significant number of customers across the North.

Now, as part of DMC Group it will help strengthen DMC’s reach across the region adding to its existing operations in Gateshead, Manchester and York.

The acquisition also provides DMC with the opportunity to expand into Scotland where Leemic has a growing sales and service operation.

Acting on behalf of Leemic, the corporate & commercial team at Stockport firm Gorvins, led by partner Christian Mancier, supported by associate, Gemma Lingard and paralegal, Chloe Murphy, helped advise Leemic’s key stakeholders throughout the acquisition process.

Corporate finance and tax advice were provided by Andy Baggott and Paul Draper from Clarke Nicklin Accountants.

DMC was advised by Jon Snade, a partner at Browne Jacobson in London and assisted by associate solicitor Harry Pearson.

Christian Mancier said: “We’ve been working with Leemic for 15 years, and it has been a pleasure to advise them on the next stage of their growth journey.

“We look forward to watching the business thrive as part of the DMC Group as it looks to bolster its presence across the North and Scotland.”

Regional managing director, DMC, Warren Colby said: “Leemic is an excellent business which we know well having worked together previously with great success. When the opportunity to acquire Leemic arose, we had no hesitation in adding their expertise to the group.”

DMC chief executive, Simon Davey, said “We want to expand our presence in the North with high-quality acquisitions and Leemic absolutely meets these criteria, with the same customer-centric values and excellent OEM relationships.”

This acquisition adds a further £3.5m of revenue to the Horizon Capital-backed DMC Group, taking total revenues close to £70m.

Gorvins has supported Leemic with legal advice for the past 15 years on a range of matters from the original purchase of the Leemic business through to share option schemes for key employees and the actual sale to DMC group.