The Bristol offices of accountants and business advisers Baker Tilly and law firm Bond Pearce have successful worked on an acquisition deal involving two Swindon firms.
Under the deal pioneering housing and regeneration agency GreenSquare Group acquired heating contractor and consultant G W Sparrow.
GreenSquare was formed in April 2008 and includes housing associations Oxford Citizens and Westlea, commercial subsidiary Oakus Estates and in-house construction firm Tidestone. It also works in partnership with designer Kevin McCloud’s company Hab in the joint venture Hab Oakus.
Family-owned G W Sparrow was established in 1974 and provides plumbing and heating services across Wiltshire. Managing director Robert Sparrow will continue to head the business as it develops further as part of GreenSquare’s Oakus subsidiary.
Lead corporate finance adviser on the sale was Baker Tilly corporate finance partner Nick Harber. He said: “GreenSquare’s acquisition of G W Sparrow is a good reflection of its capability and patience to complete a transaction in spite of the uncertain economic conditions. With future investment in the business, G W Sparrow will be an excellent addition to GreenSquare’s services.”
As well as managing a 10,000-strong property portfolio, GreenSquare also builds social housing and homes with affordable rents, market rents and for sale.
