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Yorkshire law firm Gordons advises on sale of controlling stake in £37m demolition business
Yorkshire law firm Gordons has advised the shareholders of national demolition contractor Cantillon on the sale of a controlling stake in the company to the Morrisroe Group.
The sale will see the £37m turnover contractor add to the range of services offered by Morrisoe Group and create potential for further growth.
A team from Gordons led by head of corporate, James Fawcett, advised Cantillon’s shareholders on the deal.
Founded in 1967, Cantillon is one of the UK’s leading demolition and enabling works contractors. As a result of the deal, Morrisroe Group now has the capability to provide a full demolition and basement box service, as well as concrete frames.
The addition of Cantillon to Morrisroe Group’s portfolio will ensure the business can firmly establish its position as one of the top demolition and substructure work specialists in the UK.
Commenting on the sale Cantillon chairman, Mike Cantillon, said: “The deal is a landmark moment for the business my parents founded 50 years ago. I am confident that, under the Morrisroe Group, the legacy of the Cantillon brand will continue well into the future.
“James and his team at Gordons showed outstanding professionalism and hard work throughout the sale process. They were an absolute pleasure to deal with.”
Gordons has offices in Leeds and Bradford and employs 200 people. The firm’s clients include retailers AO, B&M, Iceland Foods, Moss Bros, Morrisons, Ocado, Pavers and Wren Kitchens as well as construction and high-performance materials manufacturer Saint Gobain and international brewers Molson Coors.
Gordons’ James Fawcett added: “As a firmly established and highly respected demolition business, Cantillon will further boost the Morrisroe Group’s already excellent reputation within the construction industry.
“Cantillon is now ideally placed to continue to grow and provide existing and new clients with a new integrated offer.”
For further information on the firm visit www.gordonsllp.com