Gordons advises on sale of controlling stake in £37m demolition business
Monday 17th August 2020
Gordons has advised the shareholders of national demolition contractor Cantillon on the sale of a controlling stake in the company to the Morrisroe Group.
The sale will see the £37m turnover contractor add to the range of services offered by Morrisroe Group and create potential for further growth.
Head of corporate, James Fawcett, led a team from the firm including corporate solicitor, Lisa Murphy; commercial property solicitor, Sophie McFeely; and employment solicitor, Bryony Goldspink, which advised Cantillon’s shareholders on the deal.
Founded in 1967, Cantillon is one of the UK’s leading demolition and enabling works contractors. As a result of the deal, Morrisroe Group now has the capability to provide a full demolition and basement box service, as well as concrete frames.
The addition of Cantillon to Morrisroe Group’s portfolio will ensure the business can firmly establish its position as one of the top demolition and substructure work specialists in the UK.
Commenting on the sale Cantillon chairman, Mike Cantillon, said: “The deal is a landmark moment for the business my parents founded 50 years ago. I am confident that, under the Morrisroe Group, the legacy of the Cantillon brand will continue well into the future.
“James and his team at Gordons showed outstanding professionalism and hard work throughout the sale process. They were an absolute pleasure to deal with.”
James Fawcett added: “As a firmly established and highly respected demolition business, Cantillon will further boost the Morrisroe Group’s already excellent reputation within the construction industry.
“Cantillon is now ideally placed to continue to grow and provide existing and new clients with a new integrated offer.”
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