Ashtons Legal advises on strategic acquisition
The deal was led by partner Craig Fiddaman who worked with the buyers previously on other transactions.
He was assisted by Greg McCurday from the Commercial Property Team, Emily Dixon in Employment and Hannah Murphy, Whitney Crow and Hannah McCreadie from the Corporate and Commercial team.
Fiddaman is based in the Suffolk offices, McCurday in Norfolk and the remainder spread across the region.
THL is an existing client that Fiddaman has advised in previous acquisitions, including breaking into the Australian market.
THL Group already owns Mobile Visual Information Systems (MVIS) and Bartco Australia, other providers in the traffic and infrastructure industry. The addition of Solar Gates UK adds to a growing portfolio and will allow each brand to broaden the reach and impact of its products to the transport industry.
Solar Gates UK provides solar safety technology via its market-leading brands; SOSEC, INSTABOOM, and INSTABOOM Go and its managing director Neil Sampson said: “Joining Torquay Holdings Ltd is a major milestone for Solar Gates UK, opening doors to new markets through partnerships with MVIS in the UK and Bartco in Australia.”
Scott Paton, CEO of Torquay Holdings added: "Solar Gates UK is a welcome addition to the Torquay Holdings family and this acquisition strengthens our mission to deliver sustainable, innovative infrastructure solutions globally. Craig and the Ashtons team have worked with us before, demonstrating a strong understanding of our business, and delivered excellent results.”
Torquay Holdings Limited are based in Derbyshire, Solar Gates UK are headquartered in Maidstone, Kent.
Ashtons Legal employs more than 420 people across its Bury St Edmunds, Cambridge, Ipswich, Leeds and Norwich offices.