Investor swoops for roofing and sheet metal fabrication company
An established Hull-based industrial roofing and sheet metal fabrication enterprise has been acquired.
Dave Jessop Ltd was acquired by private investor David Pierce (Welton Holdings Ltd) in a deal advised on by Castle Square Corporate Finance.
Dave Jessop Ltd has been trading for more than 30 years and specialises in industrial, domestic, and agricultural markets.
It is known for manufacturing and delivering roofing solutions to both the local and wider UK market. The company’s products include tailor-made sheeting, guttering, and flashings.
Led by Brad Green and Patrick Lynch, Castle Square Corporate Finance led on deal negotiations on behalf of the investors. It ran a competitive debt fundraising process, which culminated in acquisition finance provided by specialist debt provider SME Capital.
Pierce said: “I thoroughly enjoyed working with Brad, Patrick, and the rest of the team on this acquisition.
“The thoughtful advice and time given was invaluable and enabled me to make this acquisition a reality after a period of extensive research.”
Green said “It was great to see this one over the line in what I expect to be a transformative deal for Dave Jessop Ltd.
“With the ambition and business know-how being introduced by David Pierce and his team, I have no doubt the company will go from strength-to-strength over the coming years.
“Thank you to Tim House, Helena Mercer, and the team at SME Capital for a seamless funding process.”
Colin James, head of origination at SME Capital, added: “We are delighted to have supported David Pierce in the acquisition of long-standing regional business Dave Jessop Ltd.”
Led by partner Chris Powell, law firm Gunnercooke LLP advised the investor from a legal perspective, with legal advice to the sellers provided by Guvvy Sandhu from Mackrell Solicitors. SME Capital received legal advice from Andrea Unwin at Clarion Solicitors.