Browne Jacobson advises Thermatic Technical FM on PDS Drainage Solutions acquisition
Browne Jacobson’s North West based corporate finance team has advised Thermatic Technical FM, one of the UK’s leading facilities management providers, on the acquisition of PDS Draining Solutions.
Following the transaction, PDS Draining Solutions will merge with Thermatic’s existing drainage division along with all existing PDS staff and its extensive fleet and equipment.
This latest acquisition follows from the company’s acquisition of a critical ventilation business back in 2019.
Established in 1971, Thermatic Technical FM provides technical maintenance and energy services to commercial clients including, amongst others, ALDI, Boots, B&M and Pets at Home.
Based in Flintshire, PDS Draining Solutions has over 25 years’ of experience in delivering drainage solutions for the domestic, industrial, and commercial market including CCTV drainage surveys, system cleaning and repairs.
The Browne Jacobson team was led by Peter Allen and Bethany Grummitt and is the third acquisition the team have advised the North West based company on in recent years.
Paul Douglas-Fleet, Group Finance Director, said: “It has been brilliant having Browne Jacobson alongside us on this strategically important acquisition. This is one of a number of transactions Peter and his team have advised us on, which speak volumes for the trust we have in them as our legal advisers to provide a commercial and pragmatic approach and ensure each transaction reaches a satisfactory conclusion at pace.”
Browne Jacobson corporate finance partner Peter Allen added: “The acquisition of PDS Draining Solutions will be a significant addition to Thermatic Technical FM’s existing offering in this space. It will help enhance its national footprint as its looks to broaden its wider client offering and develop into the market leader for the provision of specialist drainage services.”
Discover more
You may be interested in...
Press Release
Browne Jacobson advises Bluprintx on its acquisition of Definitive Results
Press Release
Browne Jacobson advises The Production Factory on its strategic acquisition of Big Sky Studios
Press Release
Browne Jacobson advises skills and training provider B2W Group on acquisition of ECTA Training
Legal Update
Veganism and manufacturing: M&A trends
Press Release
Browne Jacobson advise B2W Group on BePro Development acquisition
Published Article
PureHealth acquisition of Circle Health reflects growing opportunities between UK and Middle East
Press Release
Browne Jacobson advise NorthEdge backed ICP on acquisition of Team 6ix
Press Release
Browne Jacobson advise Edit Agency on it’s acquisition of CustomerKIND
Press Release
Browne Jacobson advises NTT DATA on its acquisition of Sapphire
Press Release
Browne Jacobson advises on the acquisition of Dynamic Networks
Press Release
Browne Jacobson advises Thermatic Technical FM on PDS Drainage Solutions acquisition
Legal Update
Banking Transaction Updates - July 2023
Press Release
Browne Jacobson advise Rcapital on acquisition of specialist lift business Temple Lifts from Hitachi, Limited
Press Release
Browne Jacobson named ‘Law Firm of the Year’ as it picks up a record four awards at East Midlands Dealmakers
Press Release
Browne Jacobson advise on strategic sale of cybersecurity firm Nowcomm
On-Demand
NSIA: the thorn in the side of M&A?
Press Release
Browne Jacobson advise High Peak Borough Council on future high street funded acquisition as part of Buxton regeneration vision
Press Release
Browne Jacobson dealmakers announce completion of over 130 deals worth billions in value in 2022 and eye up healthy pipeline for 2023
Press Release
Browne Jacobson’s banking & finance team describe 2022 as a “game of two halves” after completing over £2 billion worth of transactions
Legal Update
Banking Transaction Updates - January 2023
Press Release - #BeingBrowneJacobson
From associate to partner in an investment lifecycle - Ryan's story
Legal Update
ESG in deals and investments
Press Release
Browne Jacobson corporate tech lawyers advise Agilico on significant acquisition of managed print services specialist
Browne Jacobson’s corporate technology dealmakers have advised Agilico, a workplace technology business, on its acquisition of Capital Document Solutions Limited for an undisclosed amount.
Press Release
Browne Jacobson advise environmental giant Suez on its £2bn international acquisition of former waste management business
Browne Jacobson’s lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business – Suez R&R UK - from French headquartered business Veolia for an enterprise value of £2 billion.
Press Release
Browne Jacobson advise CTS Group on acquisition of In Situ testing specialists
Press Release
North West dealmakers advise OakNorth on loan to digital marketing apprenticeship provider business
Legal Update
Deal activity and market update in health and social care sector
In the last nine months of 2021 we saw a huge amount of activity across all sub-sectors of health and social care.
Press Release
Corporate dealmakers advise on key acquisition of Leeds based fertility health clinic
On-Demand
Care Business Briefing - Deal activity dynamics in the healthcare sector
Join Browne Jacobson and Virgin Money for an on-demand webinar as they discussed their thoughts on the outlook for acquisition activity and funding in the health and care sectors.
Press Release
Browne Jacobson’s North West dealmakers advise the management team on the acquisition of Edit by The Salocin Group and NVM Private Equity
Press Release
Browne Jacobson advise Apiary Capital backed cross-border buyout of e-learning software specialist XVR
Press Release
Browne Jacobson dealmakers advise on CET Infrastructure’s Palatine backed acquisition of CGL
On-Demand
Care business briefing acquisitions and funding
Browne Jacobson, Clydesdale Bank/Virgin Money and Hazelwoods Healthcare specialists discuss their thoughts on the outlook for acquisition activity and funding in the health and care sectors.Press Release
CDS Group acquires Complete Detection Systems
Browne Jacobson has advised CDS Group Holdings on the acquisition of Complete Detection Systems Limited for an undisclosed consideration.
Press Release
Browne Jacobson advises LivingLens on $26million buy-out: acquisition demonstrates continued strength of North West tech sector
Press Release
Browne Jacobson advises C7 Health on £1.5m acquisition of TAC Healthcare Group
Press Release
Browne Jacobson rises up Experian’s dealmaker rankings
Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.
Press Release
Browne Jacobson lead advisor on YHA acquisition of two Northern hostel businesses
Press Release
Browne Jacobson advises Dalet on acquisition of Flex Media Platform business from Ooyala
Press Release
Brexit concerns fail to dampen appetite for deals as Browne Jacobson completes Graitec’s acquisition of Opentree
Browne Jacobson has advised international specialist software developer Graitec on its acquisition of document management solutions company Opentree Ltd.