Transactions

Greenaway Scott advise on the repurchase of Integra Office Solutions

Wednesday 1st July 2015

The management team at Integra Office Solutions Ltd has announced that on 16th October 2015 it was successful in purchasing 100% of the group's share capital from independent investor, Hemel Holdings Ltd.

This agreement sees the business revert to a co-operative model focused on the needs of the independent dealer and the group's industry partners together with ensuring the long term future of the group is protected.

The Integra Board and Managements team's primary focus will be to further strengthen the group's position as the leading dealer group in the industry. Delivering excellent support and services for the benefit of members and key partners will remain the core driving force for the group.

Aidan McDonough, Integra's Managing Director, comments: "This agreement not only allows us to protect our members' best interests but also to continue our focused approach to growth and the further development of services and solutions to benefit the independent dealer and our industry partners."

Greenaway Scott advised Integra on the transaction and Nigel Greenaway, Corporate Director said: "We were pleased to advise on this acquisition and to be able to help secure the future of the group's long term future developments."

Rob Jenkins, Financial Director at Integra, added: "We were delighted with the quality of service and support we received from Nigel Greenaway and his team at Greenaway Scott in ensuring the transaction was completed in a professional and efficient manner.