Pictured: Katie Silvester, corporate partner in Gateley's
Birmingham office
National law firm, Gateley, has completed its second acquisition
this year for Specialist Environmental Support Services Group,
Silverdell Plc. The company has acquired Suffolk-based RDS
Asbestos Management Consultants in a deal worth more than £2
million plus working capital, which includes the conditional
placing of shares.
The deal, led by Katie Silvester - a corporate partner in
Gateley's Birmingham team - follows the acquisition earlier this
year of A.H. Allen Ltd. Silverdell Plc acquired 100 per cent
of the share capital of the Hull-based asbestos management
consultancy, merging the £1.2 million turnover business into
its consulting network, Redhills.
RDS is a well-established consultancy with a blue-chip client
base focused on the retail sector, particularly high street
retailers, pub chains, restaurants and bookmakers. The acquisition
will see key personnel retained to facilitate a smooth integration
into Silverdell Plc.
Speaking about Silverdell Plc's latest acquisition, Ian Johnson,
Finance Director, said: "Our most recent acquisition is in line
with our long-term strategy to expand our service offering by
focusing on longer term framework contracts directly for major
blue-chip companies. RDS, which operates predominantly in the
retail sector, brings complementary skills and geographic coverage
to enhance our competitive advantage.
"We knew we could rely on Gateley to advise us on our second
important acquisition in recent months and once more they delivered
in a quick and responsive manner."
Katie Silvester, corporate partner at Gateley, added: "The
industry is underpinned by strong regulatory drivers as companies
face ever-more stringent legal requirements to manage hazardous
substances such as asbestos. Silverdell Plc is broadening its
services in all areas of Specialist Environmental Support Services
and we were delighted to be able to work with them again as it
strengthens its offering in this important sector."
For more information about Gateley, please visit their website
here: www.gateleyuk.com