Project 25

    Submission Date: 16/01/19
    Completion Date: 17/12/18
    Target: The Hiremech brand has been a successful independent dealer in North London for over two decades, specialising in hiring, trading and servicing fork lift trucks.
    Acquirer: 
    Briggs Equipment UK Ltd
    Details:
    Advising Paul Green and Roderick Smith (“Sellers”) on their disposal of the entire issued share capital of Hiremech Holdings Limited and its wholly owned subsidiary, Hiremech Limited, to Briggs Equipment UK Limited. The Hiremech brand has been a successful independent dealer in North London for over two decades, specialising in hiring, trading and servicing fork lift trucks. The acquisition will provide momentum for Hiremech’s further growth as part of the Briggs’ brand, with Paul Green remaining involved in the business as it continues to develop.
    Legal Advisers: IBB Solicitors – Adam Dowdney (Partner), Michelle Waligora (Solicitor), Azra Yousuf (Trainee Solicitor), Laura Jarrold (Paralegal) of the Corporate Commercial team, Richard Devall (Partner) of the Employment team and Jeff Elphee and Katherine Bereza of the Real Estate team.

    The buyer was advised by Pinsents Masons LLP.

     

    ibblaw.co.uk