North East road builder acquired by global construction group
A North East road maintenance firm is set to expand its UK footprint after being acquired by part of a global construction company.
Prudhoe firm Northumbrian Roads has been acquired by national company Aggregate Industries as part of its expansion within the infrastructure sector.
Founded in the late 1980s by the late John Lynch and his business partner George Barton, Northumbrian Roads specialises in road surfacing and highway maintenance.
Sean Lynch, owner of Northumbrian Roads, commented: “Ever since the company was founded by my father John Lynch and business partner George Barton over 31 years ago, we have progressively grown the company, focusing on strong relations with our customers, teamwork and innovation, complemented by the highest quality materials and a first-class service.
“The take-over process was made smooth and the legal and financial aspects were carried out in such a professional manner by both Muckle LLP and MHA Tait Walker that we had confidence that we were doing the right thing for the company to move forward.”
Steve Plaskitt, corporate finance partner at MHA Tait Walker, led the disposal team and Adrienne Paterson provided the taxation advice to the sellers in readiness for the sale.
Steve Plaskitt commented: “It is great for the Lynch family to be able to sell their shares and to see the company their father founded many years ago become part of a larger group and to continue to serve the North East. I am sure the business has a very bright future.”
Muckle LLP’s corporate lawyers Matthew Walsh and Sara Worsick advised the sellers on the legal aspects of their sale, with commercial property advice from real estate lawyer Deborah Lazenby.
Matthew Walsh, corporate partner at Muckle LLP, added: “We’ve advised Northumbrian Roads for many years and it is no surprise that the company has attracted the attention of a national leader in its field.
“It is a very well-run business and, with the added support the acquisition will bring, I’m sure it will continue to thrive within our region.”
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