Greenaway Scott advise on multi-million pound MBO of leading building and refurbishment contractor

Tuesday 1st March 2016

Greenaway Scott advised the management buy-out team of building contractor A&N Lewis, following the retirement of its founders in a deal supported by a multi-million pound loan from Finance Wales.

A&N Lewis was established in 1982 and now employs 90 staff from its Ely base. A&N Lewis originally specialised in painting and decorating, before expanding into building works for local and UK-based businesses.

Matthew Sutton, Corporate Director of Greenaway Scott, said: "We are extremely pleased that we were able to help secure a favourable deal for all parties involved and guide the management team smoothly through the acquisition. We wish them all the continued success in the future." The management team was also advised by Gary Partridge of Lexington Corporate Advisors who said: "A&N Lewis is fantastic example of a Welsh business that has real pedigree in the market place and a high standing in the eyes of all its customers and suppliers. This is Lexington's maiden advisory transaction coming only a matter of weeks after Lexington's launch and demonstrates our hunger and desire to work with successful Welsh based enterprises to put in place an MBO succession plan for Vendors."

For more information, please contact the Corporate team at Greenaway Scott or follow Greenaway Scott @GreenawayScott1