RSM has advised on the sale of SBS Roofing Group to Avonside Group Service – bringing together two nationwide specialist roofing companies.
Established in 1983, SBS Roofing Group, which is headquartered in Bradford, delivers quality roofing solutions for a range of sectors, including retail, hospitality, local government, healthcare and education.
Avonside, which is Britain’s largest roofing contractor, operates across the UK from 40 branches working with house builders, construction companies, local authorities, housing associations and individuals to deliver innovative roofing services.
The transaction combines two complementary businesses and offers both companies to the opportunity to enhance existing portfolios of services and strengthen its presence within the construction sector.
The RSM team, including John Gillibrand, Rikesh Patel, James Jarvis and Andrew Walker, acted for the shareholders of SBS Roofing Group on the transaction; and Chris Ross and Daniel Rathbone from Mills and Reeve provided legal advice.
John Gillibrand, corporate finance partner at RSM, said: “The transaction adds scale, capability and sector expertise to a strong nationwide network which will accelerate growth and allows the combine business to target new markets and enhance its overall offering to new and existing clients.”
Chris Ross, partner in the corporate team at Mills & Reeve, said: “We are delighted to advise the shareholder of SBS Roofing Group on this deal. Both companies fit together perfectly and the combined strength of Avonside and SBS Roofing Group has created a new force in the construction sector that can capitalise on the opportunities across the industry.”