Staverton Building Supplies multi-million pound sale to Dorset builders merchants

Staverton Building Supplies

Bristol law firm GL Law has successfully advised Staverton Building Supplies of Cheltenham on its asset and share sale to timber and builders’ merchant, Sydenhams Ltd.

Sydenhams Ltd is an independent company with a long tradition of supplying timber and building materials throughout the South of England.

The double-deal, involving Staverton Building Supplies and Isobar Properties Limited to acquirer Sydenhams, led to a negotiated multi-million-pound asset and share transaction. The acquisition brings Sydenhams to a total of 31 sites across the South of England including a variety of timber and builders’ merchants, specialist timber centres, kitchen and bathroom showrooms, tool and plant hire services and timber engineering depots.

The GL Law team was led by Head of Corporate and Commercial, Paul Hardman. He said: “We are delighted to have acted for Staverton Building Supplies on their sale to Sydenhams Limited. Staverton are an established business with a proven track record in providing outstanding service to their long-term customers. We’re proud to have supported them through a key time in their history.”

The transaction took place during the height of the COVID-19 pandemic in the UK. In line with government safety advice, GL advisors continued to provide support during the acquisition using the latest technology to make certain that client service went unaffected. The transaction was completed in December 2020.