News

Smith & Williamson advises Amiri Construction on succession planning

  • Written By: Mark Gee
  • Published: Wed, 21 Jun 2017 14:53 GMT

Smith & Williamson worked with the founder shareholders of Amiri Construction Limited to support their succession plans.

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With 12 years of successful trading, Amiri Construction Limited is a privately owned building contracting business that prides itself on innovation, quality and success. It operates across the South of England carrying out a range of new build and refurbishment projects to public and private sector buildings.

Smith & Williamson worked with the founder shareholders of Amiri Construction Limited to support their succession plans and deliver an opportunity to gradually transition the management of the business to the next generation of construction experts. Key to the decision to progress with this transaction was the commitment of the management team to continue working with the staff, clients, consultants and supply chain partners in the same manner whilst also allowing the existing staff to see the potential of the exciting opportunity for the business in the coming years.

The new shareholders will work with the founder shareholders to ensure that Amiri continues to offer clients the benefits of a collaborative approach to delivering projects.

Amanda Phillips, Head of Corporate Finance in Southampton for Smith & Williamson, led the transaction assisted by Stuart Goodman. Smith & Williamson also provided tax advice on the structure. Oaklins, the international network which Smith & Williamson is a member of, have completed over 300 deals in construction and engineering, with this representing the fifth deal in the sector that the team at Smith and Williamson has completed in the last two years.

Grahame Pettit and Kevin Lendon, Founders of Amiri Construction – “We are delighted to welcome five new shareholders to the company to help ensure continued prosperity in the years to come. We were pleased to work with Amanda Phillips and Smith & Williamson, who were sensitive to the commercial needs of our business and the various stakeholder interests. Their experience and expertise added value at every stage and guided us through the process to completion.”

Amanda Phillips, Head of Corporate Finance in Southampton at Smith & Williamson – “We are thrilled to have been able to deliver this transaction for the shareholders and help support such a strong regional construction business. This deal helps transition management of the business, securing a long term future for Amiri, its management, staff and customers. Smith & Williamson has a strong track record within the construction industry and we were pleased to be able to work with this team to achieve a successful outcome for all involved.”

DISCLAIMER
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of publication.

Notes to editors
Smith & Williamson is a leading financial and professional services firm providing a comprehensive range of investment management, tax, financial advisory and accountancy services to private clients and their business interests. The firm’s c1,800 people operate from a network of 12 offices: London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson is part of The Tilney Smith & Williamson Group.

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