Latest Deal Part of London-Based Investment Group’s Expansion Plans
The Corporate team at Irwin Mitchell has advised UK investment organisation M&I Group on the acquisition of the Cheadle-based gas industry specialists, Direct Heating Solutions (DHS).
Led by Matt Smith and Tom Wisniewski from the firm’s Birmingham office, the acquisition enhances Bristol and London based M&I Group’s presence in the North West, while expanding its portfolio of repair, maintenance, installation and construction businesses.
A family run business, Direct Heating Solutions has over 20 years’ experience in the gas industry, specialising in installation, service and maintenance in both the domestic and commercial sector.
The move will assist DHS in expanding its existing high profile commercial base of customers, that includes British Gas, Leighton Hospital and Wirral Borough Council and delivering its top level project management to a new audience.
Callum Davies, M&I Group chief executive, said: "DHS has enormous potential to grow and has done a fantastic job so far in securing key contracts and maintaining those contracts to the highest level.
“We're greatly looking forward to working with Steve Baldwin and the rest of the team at DHS to help grow the company to the next level.”
Expert Opinion“We are delighted to have advised M&I on a deal for a firm that has a reputation for excellence in everything, from social housing, offices and hospitals, to retail and new home developments.
“M&I is looking to expand its presence in key areas of the UK and this North West transaction will doubtless be followed by the acquisition of further repair, maintenance businesses in London and the South West and we wish them every success with their ongoing expansion plans.” Matt Smith - Senior Associate Solicitor
Bruce Melizan, M&I Group chairman, added: "The acquisition of DHS will allow DHS to expand the already existing contracts they have in place as well as procure new contracts in the process. We're all extremely excited for the future.”