Saffery’ London Corporate Finance Team provided financial and tax due diligence services to Lawsons Holdings in support of its acquisition of AVS Group Holdings. AVS trades through its subsidiary company AVS Fencing Supplies.
The turnover of the combined group will be close to £125 million with 565 employees and operates from 27 branches across the South East of England.
Lawsons, a family-owned business operating from 17 branches throughout London and the South East, will be celebrating its 100th year of trading next year.
AVS has 10 branches employing over 120 members of staff specialising in fencing and hard landscaping materials. The company will retain its brand identity and continue to operate separately under the direction of its managing director Stewart Pierce. Lawsons will assist in the future growth and development strategy of AVS. Jeremy Norris and Paul Rushent will both join the AVS Holdings Limited Board.
The acquisition of AVS will form a platform for future expansion in the fencing and landscaping market. Simon Lawson commented: “I am absolutely delighted with the acquisition which further demonstrates Lawsons commitment to expansion, growth and development as it looks forward to a new and exciting decade.”