Professionals: Cooper Parry; Geldards; DWF
THE corporate finance team at Cooper Parry has led one of the largest private plant hire transactions in the UK this year – with the partnership of three UK businnesses – Camfaud Concrete Pumps, Premier Concrete Pumping (PCP) and South Coast Concrete Pumping – with US-based Brundage-Bone Concrete Pumping (BBCP).
The deal has created the world’s leading concrete pumping business.
Cooper Parry Corporate Finance acted as lead advisers to the shareholders of Camfaud, PCP and South Coast, with legal advice provided by Geldards.
Camfaud, PCP and South Coast have more than 60 years’ combined industry experience and supply their services across the UK. They will continue to operate under their own names.
James McBain Allan, corporate finance manager at Cooper Parry, said: “This is one of the largest UK private plant hire transactions this year and shows the willingness for overseas trade and private equity to invest in the UK construction sector.”
Established in 1983, Brundage-Bone is the largest concrete pumping company in North America and has more than 60 branches in 19 states across the United States.
The company supplies its services to an extensive customer base of contractors, sub-contractors, concrete contractors and site developers in the commercial, industrial, infrastructure and residential construction sectors.
Paul Feenan, partner at Geldards, added: “This was a great transaction to be part of and it was a pleasure to advise the shareholders and management team on this complicated legal process.”
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LAW firm DWF has made two senior appointments within its Birmingham-based commercial team, including a new partner.
Commercial litigation specialist Darren Kenny has been made partner.
Mr Kenny specialises in cross-jurisdictional litigation and international arbitration relating to all areas of international trade, commerce and finance.
Ben Griffin, who deals with domestic and international trade, has been promoted from senior solicitor to associate.
Caroline Coates, executive partner and head of insurance at DWF in Birmingham, said: “Both of these individuals have been instrumental in driving DWF in Birmingham forward, not only in terms of their particular legal expertise but also the quality of service they deliver to our clients and positive impact they have on their colleagues.”
DWF in Birmingham employs about 140 people at its offices at One Snowhill.
