Sheffield based dealmakers Strategic Corporate Finance have advised on the successful sale of Ringland Construction to MBI candidate Linda Green, with legal advice being provided by Irwin Mitchell’s Sheffield corporate team.
Ringland Construction is a Sheffield based firm specialising in the refurbishment of hotels and bars for Blue Chip customers including Marriott and Hilton. Ringland was established in 1991 by Harry Bell and Geoff Oakland and since then has earned a formidable reputation in the sector.
Geoff Oakland, who has reinvested in the new company and will stay on as Sales Director while Harry Bell leaves to pursue property interests elsewhere.
Kevan Shaw and Lisa Ritson from Strategic Corporate Finance ran an auction process, which led to the selection of Ms Green as the preferred bidder for Ringland Construction, and also provided advice to the shareholders, throughout the sale process.
Lisa Ritson said "We are delighted to have advised the shareholders on the disposal of this very successful and well established company. Our disposal process identified Ms Green as a potential purchaser and we are convinced that she brings the necessary skills and sector experience to continue the growth and profitability levels currently being enjoyed by the Company."
James Bullock, corporate partner at Irwin Mitchell in Sheffield, said "This is a real success story. From a standing start in 1991, Geoff Oakland and Harry Bell have built a profitable Sheffield based business with a national reputation. Their passion for the business was apparent throughout the sale process, and what Irwin Mitchell provided them with was a partner-led, committed legal team to complete the deal and help them realise the 'fruits of their labours'".
Geoff Oakland added "Until entering the process of selling Ringland, we had no comprehension of the complexity of such a transaction. The advice and project management of Kevan and Lisa at Strategic Corporate Finance and James at Irwin Mitchell has been invaluable to us."