Southerns Group Makes Major Strategic Acquisition

20/07/2016 Filed under Accounts, Finance, Manchester, Payroll, SME

Long standing summ.it client The Southerns Group, the Leeds based FF&E and workspace interiors specialist, has acquired Broadstock Office Furniture Ltd in a move that creates a major integrated provider to the commercial, educational, governmental and wider business sectors.

 

Southerns Ltd acquired its namesake based in Bolton, and Ralph Capper Interiors Ltd, based in Manchester, in March 2015 to create a group that saw revenues grow to over £18million in the year to June 2016. This followed an equity investment in the Group by Knaresborough Investments, the private equity vehicle established by Steve Parkin, founder of the Clipper Group.

 

Southerns Group is a leading provider of high quality commercial workspace solutions, offering design, installation and lifecycle of furniture and associated facilities.

 

Broadstock is headquartered in Macclesfield, Cheshire, and Middleton, Manchester where it has extensive operational and client facing facilities.

 

The acquisition strengthens Southerns’ position in the market, giving comprehensive national coverage.

 

The enlarged Group will have revenues of over £40million in the current financial year, and has over 200 employees.

 

Southerns’ principal, Andy Kendall-Jones will continue to head the combined business. Nick Munsch, who together with other family members were the majority shareholders of Broadstock, will continue within the business.

 

Andy Kendall-Jones said of the deal: “We are delighted to welcome Broadstock to  the Southerns Group. It’s people and infrastructure will add significant capability to the wider group, and we look forward to working with Nick and his team to continue to take the business forward”.

 

Andrew Jackson of summ.it said: “Here at summ.it we wish to congratulate the Southerns team on the deal and look forward to continuing to work with them through this exciting time for the business”.

 

Of summ.it’s involvement in the transaction, Andy Kendall-Jones said: “Andrew was an integral part of the acquisition team and we look forward to continuing our ongoing relationship with summ.it as Southerns’ business continues on its’ journey towards achieving its’ long term strategic goals”.

 

You can read more about The Southerns Group and its business activities at:

www.southerns.co.uk

www.ralphcapper.com