Hill Dickinson has advised the shareholders of CLP Group FS Ltd, a provider of high quality electrical, building, maintenance and groundwork services solutions, on the sale to Sureserve Group.
Founded in 2014, CLP has been a key player in providing electrical solutions to a wide range of sectors, including social housing, residential, commercial and industrial.
Sureserve is the UK’s leading provider of energy and compliance services to the social housing sector, providing services to homes and businesses across the UK.
Leading on the provision of legal advice to the shareholders of CLP were Hill Dickinson Corporate Partner and the head of the firm’s Liverpool office, Matt Noon, assisted by Legal Director, Lizzie Jones. Grant Thornton, led by Pete Terry and assisted by Amy Huddleston, Maria Barnes and Cariad Lightfoot, provided lead corporate finance services to the CLP shareholders.
We are delighted to have supported the shareholders of CLP with this significant transaction. I have no doubt that this will prove to be a very successful acquisition for Sureserve given the quality of the CLP business and its management team.Matt Noon
Corporate Partner at Hill Dickinson
Matt Noon said: “We are delighted to have supported the shareholders of CLP with this significant transaction. I have no doubt that this will prove to be a very successful acquisition for Sureserve given the quality of the CLP business and its management team.”
CLP Group CEO Carl Pye added: “Joining the Sureserve Group is an exciting new chapter for CLP, bolstering our position as a key player as a provider of electrical services. Together with Sureserve, we can continue to build a solid foundation as one of the leading providers to the social housing sector in the UK. Given the significance of the deal, it was important for us to be surrounded by advisers who understood our business and who we knew we could trust. Matt and Lizzie at Hill Dickinson were great for us in that regard – they were pro-active at all times and provided us with commercially-focused and pragmatic advice throughout the deal. Both were a pleasure to deal and work with.”