J E Fuller Limited - Business Sale

J E Fuller Limited - Business Sale

The deal

J E Fuller Limited is a long-standing family run builders’ merchants that has been based in Clacton-on-Sea at the current site since 1954. The business supplies an extensive range of building materials for all types of building projects.

The business offered an incoming purchaser a strategic location to operate from freehold premises. MHA Larking Gowen assisted the vendors with the sale of the business to Huws Gray Ridgeons following a competitive sales process.

Key highlights

“We are very excited about this and we believe in the potential of the business. We have already
put some investment in and we intend to grow the business and support the people in that branch” Ian Northen, Director of Huws Gray Ridgeons

Comments

Richard Fuller, Director and shareholder of J E Fuller Limited, said:

“My parents were directors in the company, and my Dad has been working in the
business for 63 years, so it was the right time for them to retire. We were very
impressed with the service from MHA Larking Gowen. It was good, professional and efficient. They did well to make it go so smoothly.”

Kate Baines, MHA Larking Gowen Manager, said:

“The deal has been one of the highlights in my career. Huws Gray Ridgeons were so professional and fair throughout the process, it made the transaction an absolute pleasure to manage. We achieved exactly what our clients were seeking. They have reported back since the deal completed that their business is definitely placed in the right hands to continue their legacy and future of the staff and company.”

Our role

MHA Larking Gowen Corporate Finance was asked to undertake the following work:

  • Marketing the business for sale on a confidential basis, including identifying and directly approaching potential buyers
  • Preparing the sales documentation
  • Negotiating with interested parties
  • Handling financial due diligence enquiries
  • Providing tax advice and structuring this into the deal
  • Assisting solicitors to draft the legal paperwork

Newsletter

Sign up to receive the latest news from MHA Larking Gowen