News

Smith & Williamson advises on sale of Maxi ReadyMix

  • Written By: Matthew Pearson
  • Published: Wed, 23 Oct 2019 10:49 GMT

The Bristol office of Smith & Williamson, the financial and professional services firm, has advised on the sale of Maxi ReadyMix to Aggregate Industries.

Founded by the Abraham family in 2014, Maxi ReadyMix has quickly established a reputation as a leading regional ready mixed concrete supplier, blending high quality service and product with unrivalled experience in production and distribution.

Aggregate Industries is a member of the LafargeHolcim Group, the global leader in building materials and solutions employing around 75,000 people in around 80 countries. The acquisition complements the existing activities of Aggregate Industries and supports its ambition of remaining the supplier of choice for its customers.

Jim Abraham, Director of Maxi ReadyMix, said, “The success of Maxi has been built around the principles of quality and first class service and it was important to us that our advisers shared this ethos. I’m delighted with everything the Smith & Williamson team have done. They came recommended and at every stage their advice has been first rate”.

The Smith & Williamson team was led by partners Matthew Pearson and Martyn Fraser. Matthew said, “Maxi is already an extremely impressive business and so we were delighted to be asked to assist in the next stage of its journey. This project has been about finding a partner to help accelerate its development and I am sure under the ownership of Aggregate Industries it will continue to thrive”.

Legal advice to the shareholders was provided by Mark Goodman of GS Solicitors Limited.

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. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. 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 writing.

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 11 offices: London, Belfast, Birmingham, Bristol, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson is part of The Tilney Smith & Williamson Group.

Smith & Williamson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Smith & Williamson LLP is a member of Nexia International, a leading, global network of independent accounting and consulting firms. Please see https://nexia.com/member-firm-disclaimer/ for further details.
Smith & Williamson LLP is part of the Tilney Smith & Williamson group.

The word ‘partner’ is used to refer to a member of Smith & Williamson LLP.

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