The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58

Warning: Invalid argument supplied for foreach() in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 58
May24 Mag SW Out Now Leaderboard

Southampton: Trethowans completes sale of building supplies company

3 November 2020
Share
The Business Magazine article image for: Southampton: Trethowans completes sale of building supplies company

One of Southampton’s leading law firms, Trethowans, has completed the sale of Milford Building Supplies to Huws Gray Group, an independent builders’ merchants.

The deal is one of many Trethowans has completed this year, with the Southampton corporate and commercial team continuing to flourish despite challenging economic conditions.

Acting for the shareholders of Milford Building Supplies, Trethowans adopted a cross-sector approach, utilising lawyers across different areas of its business, such as property, regulatory and employment, to provide consistent advice across all elements of the deal.

The Trethowans’ team, led by corporate senior associate Jamie Earley, managed the due diligence process and negotiated the sale agreement after being appointed in July, working efficiently to complete the deal within a tight timeframe.

Southampton is currently facing tough economic conditions caused by the pandemic, like any other UK city,” said Earley, who has worked for Trethowans for five years. “However, we have a healthy pipeline of business, with local financiers looking to invest and a backlog of mergers and acquisitions coming to fruition. The next few months look like they are going to be very busy.”

He added: “We were delighted to complete this deal on behalf of the shareholders of Milford Building Supplies, the acquisition is positive news for everyone involved with the business and we’d like to extend our congratulations to the sellers and the new owners.”

Milford Buildings Supplies is based in Leeds and Huws Gray Group in Anglesey and the transaction is one of a number of deals where Trethowans have acted for sellers to the rapidly expanding Huws Gray business.

John Middleton-Walker, executive chairman for Milford, commented: “I was understandably somewhat nervous about retaining the right firm to handle the sale of the business, which I founded in 1979. Trethowans came highly recommended and quite rightly so. The sale was successfully concluded without drama despite a very tight deadline. I found everyone I dealt with at Trethowans to be extremely professional and yet also very practical and pragmatic – a combination that proved to be very effective and produced the required result for our shareholders.”

Trethowans has been offering legal services to businesses and individuals in the south for over 150 years with offices in Southampton, Salisbury, Poole, Bournemouth and Winchester.

For more information, visit www.trethowans.com


Related articles

Latest Deal Ticket

view more
Business consultants Magnetic (London)
have been acquired by
Management consultants Newton Europe (Oxford)
May 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
09
Jul

Leadership Roundtable: Opportunities and challenges in the Care Sector

Herrington Carmichael
Farnborough Aerospace Centre, GU14 6XR
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
23
Jul

Leadership Roundtable: Search Fund Exits & Acquisitions

Shawbrook Bank
9 Appold Street, London EC2A 2AP
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles

Group Companies

Dorset BIZ NewsHampshire BIZ News