Deal Background
Beers Timber & Building Supplies are a leading independent builders' merchant and timber supplier operating in the North West, predominantly in Merseyside and Greater Manchester. Tonge Bridge Timber is a manufacturer and distributor of machined timber products operating out of premises in Bolton.
How Langtons Helped
Langtons assisted Beers with the acquisition process by undertaking financial due diligence on the business and preparing financial projections to support the funding, along with helping with structuring and negotiating the transaction.
We also worked closely with Beers' legal advisers to ensure all aspects of the transaction were reflected in the legal documents.
Results
The acquisition of Tonge Bridge Timber has bolstered the presence of Beers in the North West, increasing the capacity and product range on offer to customers.
Langtons have been our trusted business advisers for many years, providing us with compliance and tax services of the highest standard, and we recently engaged Langtons Corporate Finance to assist us with an acquisition.
The insight of the team has been invaluable throughout the transaction, with their knowledge and experience proving particularly helpful during the prolonged negotiating process.
Beers Timber - Michael Beer
