Consilium advises shareholders of Lothian Building Supplies on disposal to JW Grant
Owner-managed business specialists, Consilium Chartered Accountants have provided lead and tax advisory services to the shareholders of Lothian Building Supplies as JW Grant Group acquires the Scottish firm. Continuing a long-standing business relationship, Lothian retained John Blair and Craig Coyle of Consilium as lead advisors in the transaction.
Lothian Building Supplies are well-established in the Scottish market as a supplier of timber, roofing, insulation, building and landscaping materials to both trade and the public. The acquisition will see JW Grant integrate Lothian into its portfolio of builders’ merchants across Scotland.
Martin Finlayson, Managing Director of Lothian Building Supplies said: “Consilium have been our accountants for many years and our strong working relationship with them has been key to Lothian Building Supplies’ success. It, therefore, made perfect sense to appoint Consilium to act on our behalf.”
Consilium Chartered Accountants praised for their calming influence on business sale
Finlayson continued: “Selling a business brings significant stress, and John and the team were brilliant at being a calming influence. We could not think of a safer pair of hands. Personally, I would not hesitate to use Consilium for any future requirements and we quite simply could not have done this without them.”
The deal continues a successful first half of 2023 for Consilium. The Glasgow-based firm has provided lead advisory, tax advisory and financial due diligence services to shareholders and investors across multiple disposals and investments. This includes multi-million-pound investments in The Electric Heating Company and Firefish Software.
Lothian Building Supplies acquisition a ‘catalyst for growth’
Consilium Corporate Finance partner John Blair said: “Having supported Martin, Phil Martin (Finance Director) and the team to build Lothian as a business, it is hugely satisfying to see their dedication rewarded. The acquisition by JW Grant will act as a catalyst for further growth.”
Consilium Chartered Accountants is a firm of independent accountants and business advisors providing Corporate Finance services to business owners, entrepreneurs and investors. Consilium also provides a comprehensive range of Audit, Accounting, Cloud Accounting, Tax and Payroll services. For more information visit consiliumca.com