Law firm Gordons advises on sale of controlling stake in £37m business
Yorkshire law firm 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 Morrisoe Group and create potential for further growth.
A team from Gordons led by head of corporate, James Fawcett, advised Cantillon’s shareholders on the deal.
Founded in 1967, Cantillon is one of the UK’s largest 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.
In a statement, Gordons said: "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.”
Gordons has offices in Leeds and Bradford and employs 200 people. The firm’s clients include retailers AO, B&M, Iceland Foods, Moss Bros, Morrisons, Ocado, Pavers and Wren Kitchens as well as construction and high-performance materials manufacturer Saint Gobain and international brewers Molson Coors.
Gordons’ 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.”
Editor’s note: first and foremost - and rarely have I written down these words with more sincerity - I hope this finds you well.
Almost certainly you are here because you value the quality and the integrity of the journalism produced by The Yorkshire Post’s journalists - almost all of which live alongside you in Yorkshire, spending the wages they earn with Yorkshire businesses - who last year took this title to the industry watchdog’s Most Trusted Newspaper in Britain accolade.
And that is why I must make an urgent request of you: as advertising revenue declines, your support becomes evermore crucial to the maintenance of the journalistic standards expected of The Yorkshire Post. If you can, safely, please buy a paper or take up a subscription. We want to continue to make you proud of Yorkshire’s National Newspaper but we are going to need your help.
Postal subscription copies can be ordered by calling 0330 4030066 or by emailing [email protected] Vouchers, to be exchanged at retail sales outlets - our newsagents need you, too - can be subscribed to by contacting subscriptions on 0330 1235950 or by visiting www.localsubsplus.co.uk where you should select The Yorkshire Post from the list of titles available.
If you want to help right now, download our tablet app from the App / Play Stores. Every contribution you make helps to provide this county with the best regional journalism in the country.
Sincerely. Thank you.