Corporate Finance Deal Announcement : Jackson Mechanical Services (UK) Ltd to VP plc

24th Apr 2017

MHA MacIntyre Hudson Corporate Finance is delighted to announce the disposal of JMS M&E Tool Hire, a division of Jackson Mechanical Services (UK) Ltd to MEP Hire, part of VP plc.

Historically, JMS specialised in providing UK-wide plant hire across two divisions: ‘JMS M&E Tool Hire’ and ‘JMS Powered Access’ and developed a reputation for high quality service, state-of-the-art fleet and responsiveness to customer need. Completion of the transaction enables the JMS management team to focus strategically on its fast-growth, flagship division: JMS Powered Access, as well as delivering funds for the continuation of investment in new and innovative product ranges.

Historically, JMS specialised in providing UK-wide plant hire across two divisions: ‘JMS M&E Tool Hire’ and ‘JMS Powered Access’ and developed a reputation for high quality service, state-of-the-art fleet and responsiveness to customer need. Completion of the transaction enables the JMS management team to focus strategically on its fast-growth, flagship division: JMS Powered Access, as well as delivering funds for the continuation of investment in new and innovative product ranges.

Commenting on the rationale for the transaction, Mark Jackson, Managing Director of JMS said:

“We undertook a strategic review of the business in 2016, supported by MacIntyre Hudson, and decided to embark upon the transaction to enable more investment in cutting edge fleet at JMS Powered Access. Finalisation of the sale of our M&E division concludes of some months’ hard work for the team, but we’re extremely excited about the future for JMS Powered Access and have big plans.”

MHA MacItyre Hudson provided strategic and accounting support for the carve-out, acted as lead adviser to JMS to negotiate and execute the transaction with VP plc, and introduced Rosenblatt Solicitors to provide legal advice.

Mike Howells, JMS’s Operations Director commented:

“We are exceptionally grateful to the accounting and corporate finance teams at MacIntyre Hudson – we relied heavily on their strategic advice and experience to navigate the sale process, but were taken aback by the level of energy and commitment the entire team demonstrated. They really went the extra mile on our behalves.”

James Lawson, Director at MacIntyre Hudson Corporate Finance who led negotiations with VP plc added:

“This transaction is a result of the combined effort and hard work of many. It’s been a pleasure to advise the JMS team and conclusion of the sale represents the beginning of an exciting chapter for JMS Powered Access – we very much look forward to continuing to advise JMS on future endeavours.”

Advisors to Jackson Mechanical Services (UK) Limited:

Corporate Finance: MHA MacIntyre Hudson Corporate Finance Ltd: James Lawson (Director) & Rushab Shah (Executive)

Accounting: MHA MacIntyre Hudson LLP

Grant Gleghorn (Partner) & Alicia Crisp (Director)

Legal: Rosenblatt Solicitors

Elizabeth Shaw (Partner), Robert Black (Solicitor)

How can we help?

If you would like to know more about this deal or how we can assist you, your clients please contact Robert Kidson, Managing Director.

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