Patrick Jordan, Managing Director - Easy Access
Grant Thornton Corporate Finance advised Patrick Jordan, Managing Director, Easy Access on its sale to Siteserv Plc.
"Grant Thornton Corporate Finance were invaluable in ensuring I achieved the best deal possible. It took approximately two months to complete the transaction from Siteserv’s initial approach and this aggressive timeline was only possible with significant effort from my advisors. Grant Thornton managed the entire commercial due diligence and negotiation process, allowing me time to run my business as well. I was very impressed with their commitment and ability and I would have no hesitation in recommending Grant Thornton Corporate Finance to any prospective sellers”.
Patrick Jordan, Managing Director, Easy Access
The acquisition of Easy Access, whose principal activity is the sale and hire of formwork equipment to the construction industry in Ireland, will strengthen Siteserv’s position in this market.
Commenting on the deal, Michael Neary, Corporate Finance Partner, explains “Patrick Jordan built a very successful business involving the sale and hire of formwork equipment. The deal presented Patrick with an opportunity to realise value from his hard work and become part of Sitserv plc, an exciting and progressive company recently floated on the AIM and IEX. Both parties wanted to complete the deal in a short timeframe which required a significant effort from all involved. We were delighted to provide corporate finance and tax advice to Patrick on his sale”.
This deal is indicative of the continuing trend towards consolidation of players in the building services industry, a trend set to continue.
PRESS RELEASE - GRANT THORNTON CORPORATE FINANCE ADVISES ON SALE OF RS GROUP