IBB Corporate Team Advises on the Disposal of Hiremech to Briggs Equipment
IBB Corporate Team Advises on the Disposal of Hiremech to Briggs Equipment
Adam Dowdney, Partner and head of IBB’s Corporate Commercial team, led the IBB team advising Paul Green and Roderick Smith (“Sellers“) on their disposal of the entire issued share capital of Hiremech Holdings Limited and its wholly owned subsidiary, Hiremech Limited, to Briggs Equipment UK Limited. The Hiremech brand has been a successful independent dealer in North London for over two decades, specialising in hiring, trading and servicing fork lift trucks. The acquisition will provide momentum for Hiremech’s further growth as part of the Briggs’ brand, with Paul Green remaining involved in the business as it continues to develop.
The Sellers were advised by Adam Dowdney, Azra Yousuf (Trainee Solicitor), Laura Jarrold (Paralegal) of the Corporate Commercial team, Richard Devall (Partner) of the Employment team and Jeff Elphee and Katherine Bereza of the Real Estate team.
The buyer was advised by Pinsents Masons LLP.
Commenting on the deal, Adam Dowdney said:
“We are delighted to have been able to assist the shareholders with this sale and the new chapter that follows for Paul and Hiremech as part of the Briggs Group. All parties involved worked tirelessly to complete the transaction within the intended timeframes, and IBB demonstrated the commercial approach and flexibility required to assist with the disposal as well as the future relationship between the parties going forward. We wish Paul and the Briggs team all the best for what I am sure will be a very successful future.”
Paul Green, majority Seller, commented:
“We were very impressed with the service offered by Adam Dowdney, Michelle Waligora and Richard Devall and the team at IBB team. Their experience and professional approach helped ensure we completed this sale with the commercial terms and timescale we were happy with. The sale of a private company is emotional, and Adam’s calm sensitive approach helped smooth that part of the process”.
Notes to editors
1) Many of IBB’s Partners are recognised as leaders in their field in the Legal 500 and Chambers & Partners directories.
2) The firm has offices in Uxbridge and Chesham (Bucks). It is a full-service law firm handling complex legal work for both businesses and individuals across four main practice areas — Real Estate, Corporate & Commercial, Private Client and Community Legal Services.
