Sat, 11 Jan 2025 | BUSINESS SALE
Bristol-headquartered construction company LGW Group has bought Multi-Crete Concrete and Concrete Pumping.
Based in Gloucestershire with operations in the Forest of Dean and Wiltshire, Multi-Crete specialises in concrete supply and concrete pumping services.
Following the acquisition, LGW will be the only construction business in the region capable of delivering a fully comprehensive concreting service. The group’s portfolio also includes Wright Readymix, Bristol Brick Co, Prodeck-Fixing and Mexboro, making it a one-stop shop for commercial and domestic construction projects. This acquisition marks a significant milestone for the LGW Group, as it takes its combined turnover to over £40 million.
Law firm Freeths advised on the deal led by corporate managing associate Edward Chapman. He was supported by corporate partner Claus Andersen, corporate associate Ellie Harrison and corporate trainee Victoria Naylor; employment partner Laura Tracey and employment trainee Katherine Brown; tax managing associate Alex Angelides and tax trainee Rebecca Rudd.
Chapman said: “The addition of Multi-Crete to the LGW Group adds new service lines and strengthens its existing house of brands, positioning LGW as a leading regional player in the construction industry.”
The shareholders of Multi-Crete were advised by Hopson Solicitors, led by corporate director Andrew Hough and assisted by corporate associate solicitor Jessica Morgan-Ebdon and employment director Rachel Stephens.
Len Wright, managing director of LGW Group, added: “We look forward to working with Simon, Jason and the Multi-Crete team and to collaborating on construction projects across the region in the months and years ahead. This acquisition sets the stage for future growth and innovation at LGW.”
Simon Robinson, managing director of Multi-Crete, said: “We placed both Freeths and Hopsons under significant time pressure to complete the deal, and through a dedicated approach to the transaction they delivered. We look forward to supporting the new owners to achieve the aims and ambitions of LGW Group for many years to come.”
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