hlw Keeble Hawson has acted in the simultaneous sale of three independent businesses, including Sheffield based paint distributor Sinemaster Motor Factors, to $5 billion turnover US vehicle-repair giant LKQ Corporation.
Roger Dyson and Chris Wilson led a team from the corporate department of hlw Keeble Hawson, one of Yorkshire’s biggest law firms with offices in Leeds, Sheffield and Doncaster, who acted for the shareholders of Sinemaster Motor Factors Limited, JCA Coatings in Reading and Milton Keynes Paint & Equipment in the sales to LKQ.
NASDAQ quoted LKQ Corporation, which operates more than 500 facilities in the UK and globally, confirmed that the acquisitions – which also include Bee Bee Refinishing Supplies and Premier Paints – fuel LKQ’s goal to be the leading one-stop shop supplier to the UK market’s collision repair industry.
Mark Leeming, shareholder and director of Sinemaster said:
“hlw Keeble Hawson, who have previously represented us in deals, acted effectively and efficiently, managing three transactions at the same time, in what was a complex deal to create the UK’s market leading distribution group for auto refinish and transport paint, bodyshop consumables, tools, equipment and training services.”
Roger Dyson, head of corporate law at hlw Keeble Hawson said:
“We are delighted to have been instructed to represent the sellers in this substantial transaction which shows our expertise and experience in handling simultaneously a number of complex and interlinked transactions such as this.”
London-based Olswang LLP acted for LKQ Corporation.