The Corporate team at Irwin Mitchell has secured another deal in advising a major petrol distribution company on its acquisition of a smaller rival business.
Mabanaft Limited has completed the unconditional acquisition of Thomas Silvey Limited (Silvey) in Bristol. Mabanaft is part of the global Marquard & Bahls AG Group, a leading independent involved in the import and wholesale of petroleum products. Mabanaft Limited has operated in the UK from its London base for over 40 years.
Kevin Cunningham, Head of Corporate, who led a team across Irwin Mitchell's Sheffield and Leeds offices, said:
"This is the latest in a string of deals secured by our Corporate team. We are developing a growing reputation with our clients for deal-making and receiving a wide number of referrals and recognition for our work both within and outside the region.
"The economic climate is tough at the moment, but we continue to see opportunities to attract work by combining technical excellence and high levels of service with straightforward, pragmatic advice."
Mark Rolph, Managing Director of Mabanaft Limited, commented "I am very pleased with this acquisition. The Irwin Mitchell team, led by Kevin Cunningham has shown remarkable diligence and commitment to the project. The devil, as they say, is in the detail. It is Irwin Mitchell's attention to the detail that has brought this deal to such a successful conclusion."
Irwin Mitchell has recently advised on separate deals to buy out Sheffield companies Tempered Spring and Ringland Construction as well as the management buy outs of H2H (Leeds) Limited and Driffield based Kingstown Associates. Cunningham says: "The Corporate team at Irwin Mitchell is showing that there are deals to be done. Yorkshire is very much open for business and investment is available to support the right deals."
Silvey operates from depots around the south-west of England and along the M4 corridor to Milford Haven.