EMC Corporate Finance is delighted to have completed its second deal of the year in the UK water cooler sector by assisting its client, Office Beverages, with the sale of the business to a major international group.
Office Beverages, based in Yate, Bristol, is a leading provider of water and beverage solutions to businesses in the West Country and nationally, and has grown steadily over the past 20 years under the direction of its MD and owner Peter Brooks.
Peter commented: “As part of a major international group, the business and its staff have a terrific opportunity to build upon what we have created over the past 20 years and to continue to deliver excellent services to our customers.”
He added: “As other business owners who have gone through something similar will know, it is a massive step to allow the business you have created to be taken forward under new ownership, and something that needs to be done well and expertly.
“The process from start to finish was an enormous undertaking and the help, guidance and support provided by EMC was invaluable. Terry Rainback, Nik Askaroff and the EMC team managed the complexities of the deal and provided the guidance and support I needed, never losing sight of my own goals and objectives from start to finish.”
The EMC team was led by Terry Rainback who said: “No two deals are ever the same and we are delighted to have been able to help Peter to achieve a successful outcome which will enable the business to continue to thrive in this dynamic market.”
The EMC Corporate Finance team working on the deal comprised Terry Rainback, Nik Askaroff, Michael Gibbs and Luke Soper. DMH Stallard acted as legal adviser to Office Beverages.
Terry Rainback (second right) congratulates Peter Brooks flanked by Kate Norgett and Joshua Cronin of DMH Stallard