Forward advises Advanced Demolition on sale to Sun Environmental Services

Forward is delighted to have advised the shareholders of Advance Demolition (ADL) on its sale to Sun Environmental Services Group (SunEnviro). Based in Hoddesdon, Hertfordshire, ADL is a skip hire, waste management and demolition business with a 27-year trading history.

ADL is highly accredited and fully licensed as a Registered Waste Carrier/Dealer. They are also members of the National Federation of Demolition Contractors (NFDC) with skip hire, waste management and demolition all working hand in hand.

The buyer, SunEnviro, is a dynamic new brand anchored by flagship skip hire business SunSkips which has since been complemented by strategic acquisitions. The acquisition of ADL broadens SunEnviro’s reach from a large part of East Anglia into Hertfordshire and Greater London, whilst also bringing demolition services to the wider group.

The Forward team consisted of Rob Dukelow-Smith and Amie Goodlad who acted as lead advisors to ADL, guiding them through the process from start to finish, ultimately finding the right buyer and ensuring the deal worked for all parties.

Commenting on the transaction Paul Jackson, Director, ADL said, “From the first meeting with Rob at Forward to the last phone call from Amie to say we’d completed the sale, Forward were by our side every step of the way. They prepared a detailed information pack to attract potential acquirers, received and negotiated offers to show us what was out there, and took us through heads of terms with SunEnviro managing the due diligence process to completion.”

Michael Dedman added, “Forward worked incredibly hard to support us through the process and I am grateful they achieved such a good outcome for us with minimal disruption to our day-to-day business.”

Amie Goodlad, Manager Forward Corporate Finance commented “It was a pleasure to assist Paul and Mick on the sale of their family-owned business to an excellent acquirer. The positive outcome all round is a testament to all their hard work over many years, and we wish SunEnviro every success with their most recent acquisition”.

Legal advice for ADL was provided by Daniel Billson and Rebecca Cleal at Prettys Solicitors, with Tax and accounting support provided by Glenn Armon-Jones at Barrow LLP.

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