Advisors open door to cross-border deal
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Arran Isle, the Yorkshire designer, manufacturer and distributor of door and window hardware,has been sold to ASSA ABLOY, a global firm which produces access solutions and has a major base in Wolverhampton.
Arran Isle has a varied portfolio of innovative products primarily trading under the brands of Carlisle Brass and Mila.
Clearwater International, which has offices in Birmingham and Nottingham, advised the shareholders of Arran Isle on the deal. The team consisted of partners Jon Hustler, Michael Loudon and Rob Britton, associate director Mike Slater, senior associate Richard Corrie and executive Thomas Hickey.
Martin Wardhaugh, CEO of Arran Isle, said: “We thoroughly enjoyed working with the Clearwater International team who played a full part in delivering a very good outcome for our shareholders. Right from the beginning of our relationship, everyone in the Arran Isle team sensed with every interaction, their professionalism, competence, and experience in dealing with transactions of this size. We established a positive chemistry between our teams and worked collaboratively through all the challenges that arose producing good solutions every time. We felt that Clearwater was alongside us every step of the way.”
Harry Warrender, market region manager and head of ASSA ABLOY Opening Solutions UK, said: “Arran Isle Group and their respective businesses bring innovative products, well-known brands and an operational model that delivers consistent, great services. Their portfolio delivers on our strategy to extend the ASSA ABLOY product and service offering in residential and commercial markets for the UK and Ireland and I look forward to welcoming the Arran Isle team to our organisations.”
Michael Loudon, partner at Clearwater International, said: “It has been a pleasure to support the Arran Isle team in finding the right strategic partner and delivering an excellent result for all shareholders. Arran Isle has been on an impressive growth journey, and we have no doubt that both businesses will continue to thrive under this new partnership.”