A nationwide commercial door and roller shutter system maintenance and service business has been acquired by a national building services provider in a deal supported by our Corporate Finance team.
Ascot Doors (Service), founded in 2018, offers a fully self-delivered supply and install, service, maintenance and reactive response solution for the retail, industrial, commercial and emergency services sectors. Headquartered in Barnsley, it operates six depots nationwide and employs 59 people.
The business has been acquired by andwis – a network of 21 technical building and compliance service companies, backed by global private equity firm H.I.G Capital, that provides building maintenance services for a range of organisations across defence, healthcare, education, retail and hospitality.
Our Manchester-based Corporate Finance team, led by Partner Daniel Brecker and Manager Amy Murphy was appointed by the shareholders of Ascot Doors (Service), BREAL Group, to support the sale of Ascot Doors (Service) from within BREAL Capital (Ascot) Limited.
Our team used its strong sector knowledge to identify andwis as a suitable buyer, before managing negotiations, supporting on all aspects of the deal including completion mechanisms and project management of all transaction workstreams. The transaction marked a successful exit for BREAL Group, which has retained ownership over the other two entities within BREAL Capital (Ascot).
The deal will allow Ascot Doors (Service) to benefit from andwis’ vast network of businesses in the sector, provide a fuller range of technical and compliance service offerings to clients and collaborate with other entrance specialists like Meesons and Etron UK Limited to support its plans for growth. All Ascot Doors (Service) team members will join andwis.
