Advising Parsons Peebles Group on the transformational acquisition of Anstee & Ware, and Ferguson Marine Engineering in its acquisition of the businesses of MacKellar Sub-Sea and Tritech Nairn
Brodies was lead advisor in the purchase of Anstee & Ware by Parsons Peebles Group (PPG), and the acquisition of the assets of sub-sea oil & gas engineering and fabrication businesses MacKellar Sub-Sea (in administration) and Tritech Nairn (in administration) by Ferguson Marine Engineering Group (FME), both PPG and FME being companies owned by Clyde Blowers Capital IM LLP (CBC), the private equity investment fund operated by Jim McColl, one of Scotland’s most successful entrepreneurs.
The acquisition of A&W by PPG more than doubled the size of PPG, providing it with expanded service capability, access to new markets and enhanced geographic coverage, and creating one of the strongest players in the UK electo-mechanical service market. Last year Brodies advised CBC on its strategic acquisition of FME as a platform for the development of a leading marine engineering business. The MacKellar Sub-Sea/Tritech Nairn acquisition represented a significant expansion and diversification of the business and safeguarded 73 highly-skilled jobs. The corporate team led on both projects, illustrating its ability to project manage multi-disciplinary teams across several departments, including key specialist advice; efficiently deliver focused, commercial and pragmatic advice to meet critical deadlines and challenging timescales; and support key clients in their growth strategy.