The Business Magazine - B2B Business News - Site Logo
The Business Magazine January 2024
Read now
PICK YOUR EDITION

Burges Salmon advises Michelmersh on the acquisition of FabSpeed

5 December 2022
Share
The Business Magazine article image for: Burges Salmon advises Michelmersh on the acquisition of FabSpeed

Bristol law firm Burges Salmon has advised Michelmersh Brick Holdings Plc on its acquisition of the UK’s largest independent brick fabricator – Oxfordshire-based FabSpeed Holdings Ltd.

Established in 1997, Michelmersh has grown through acquisition and organic growth into a profitable and asset-rich business, producing over 120 million clay bricks and pavers per year.

Michelmersh currently owns most of the UK's premium manufacturing brick brands and is a leading specification brick and clay paving manufacturer.

The deal will complement Michelmersh’s growing portfolio of premium products and services, increasing the company’s ability to optimise and grow its methods of construction product offering in support of its sustainability-centred ethos.

The enlarged group will also benefit from Watlington-based FabSpeed’s complementary customer base and distribution channels to offer a broader product portfolio and enhanced routes to market.

The Burges Salmon team advising on the deal was led by corporate finance partner Dominic Davis (pictured) alongside senior associate Bethan Penrhyn-Jones, associate Rebecca Brown, solicitor Ellen Robinson and trainee Isabel Rawlings.

Dominic said: “Once again we have thoroughly enjoyed working with Ryan, Frank, Peter and the wider Michelmersh team and helping to secure this important addition to the Michelmersh Group’s portfolio.”

Ryan Mahoney, Michelmersh’s chief financial officer, said: “FabSpeed is a great addition to the Michelmersh Group, enabling us to create a leading business in both clay and prefabricated products.

"Dominic and the broader Burges Salmon team provided invaluable legal expertise and advisory support throughout all stages of the process and the Board and the Executive team are hugely appreciative of their professionalism and diligence in helping us successfully close this important strategic acquisition of FabSpeed.”

 


Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

Related topics

Related articles

Upcoming events

view more
28
Feb

Business ownership and planning for the future - Employee Ownership - Roundtable

Harbour Hotel,
Southampton SO14 3QT
More info
28
Feb

Solent SME Growth 100 dinner and Awards

The Halo Lounge, St Mary's Stadium, Southampton

More info
29
Feb

Networking Drinks - Thames Valley Tech Sector

Malmaison Hotel
Reading, RG1 1JX
More info
20
Mar

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
21
Mar

Solent Deals Awards 2024

Hilton Southampton
Utilita Bowl
More info
06
Jun

South Coast Property Awards 2024

Hilton at the Ageas Bowl
Southampton
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info

Related articles