Farnham: Penningtons advises Thirstpoint sale

Penningtons Solicitors LLP has advised Jon Grant, director and sole shareholder of Thirstpoint, in connection with the sale of Thirstpoint to Personnel Hygiene Services (PHS), one of the UK's leading workplace service providers.

Thirstpoint is based in Farnham, Surrey, but operates throughout the UK and specialises in the supply, installation and maintenance of drinking water systems at commercial premises. The sale of the company to PHS allows Jon Grant to benefit from a successful business which has been established for over 15 years.

PHS, which has more than 200,000 customers in the UK and 48 regional service branches, provides services that create a better working environment – from washroom services and interior landscaping to plant rental and drinking water dispensers. The group's acquisition of Thirstpoint is part of an ongoing expansion programme by PHS throughout the country.

Penningtons advised Jon Grant on all legal aspects of the transaction, including corporate, tax, property and employment law. Sarah Scarlett, corporate partner in Penningtons' Business Services Division, led the legal team advising Thirstpoint. Scarlett commented: "We are delighted to have contributed to a deal which will ensure the future development of Thirstpoint under the direction of one of the leading companies in its field."

Steve South, partner at Wise and Co chartered accountants and business advisers in Farnham, advised Jon Grant on the financial aspects of the sale. Morgan Cole's Swansea office and PricewaterhouseCoopers advised PHS.