Hill Dickinson acts for Styles&Wood on acquisition of The GDM Group
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Hill Dickinson’s corporate team has advised Manchester-based property services company Styles&Wood on its acquisition of The GDM Group for £4m.
GDM is a specialist mechanical, electrical and environmental consultancy which employs 50 staff from its Dartford headquarters in Kent. It services some of the UK’s largest property owners across a range of sectors including retail, education, commercial offices and data centres.
Hill Dickinson corporate partner Jonathan Gillow advised on the deal, alongside associate Sean Lightfoot.
Tony Lenehan, chief executive of Styles&Wood, said: “There is a clear trend in the market towards multidisciplinary service provision for blue-chip clients, and this acquisition builds upon the strength of both businesses, as experts in project delivery in live environments.
“Styles&Wood has a proven diversification strategy which has enhanced our client relationships across our focus sectors. The acquisition of GDM further reinforces our strategic vision, and will enable us to widen our service offering to both existing and new customers, and create new sustainable business opportunities for the group as a whole.”
Gary Draper, director at GDM, said: “We truly believe that this is an exciting move for GDM. The business is in great shape and coming under the Styles&Wood umbrella will provide the company and all of our employees with greater opportunities for development and an even stronger platform, both operationally and financially, for growth in the years ahead.”
Hill Dickinson’s Jonathan Gillow added: “We are delighted to have acted for Styles&Wood on this transaction, as it continues to broaden its service offering and customer base and we wish the enlarged group all the best for an exciting future together.”