The Corporate Finance team at CLB Coopers has advised leading technical infrastructure specialist, Sudlows, on its acquisition of Progressive Network Solutions, a provider of technical installation services across the UK.
The team, with Simon Carruthers as lead, provided financial due diligence on the transaction to Sudlows’ senior management team.
Sudlows is an award-winning technical infrastructure specialist with three core divisions; critical infrastructures, enterprise services and facilities management.
This strategic acquisition strengthens Sudlows’ provision of infrastructure services and is part of its long-term strategy to augment growth through carefully-selected acquisitions.
Progressive’s executive management team will remain within the business and will assist in the development of Sudlows’ strategic growth plan.
As part of the integration process, Sudlows and Progressive will be relocating to larger premises, which will form part of the operational hub for the Southern region for Sudlows Group.
John Collins, Managing Director at Sudlows, commented; “The Progressive acquisition is part of our continued investment strategy to expand across the UK, in key national locations. Progressive’s Southern regional customers will extend our client base in the South and allow us to offer Sudlows’ wider services to these customers.”
Simon Carruthers, Director at CLB Coopers, added, “This acquisition demonstrates the commitment of Sudlows’ senior management to its plans for strategic growth as it strengthens its offering across the wider UK.
Helping entrepreneurs and business owners, such as Sudlows’ management team, to make their plans a reality is the lifeblood of our business and we look forward to continuing to work with them in the future”.
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