DJM’s Corporate team acts on tie up between Longdin & Browning and £180 million pound Scottish conglomerate
Douglas-Jones Mercer are pleased to have acted on a transaction that sees a £180m-turnover conglomerate in Scotland take control of Swansea based Longdin & Browning.
Longdin & Browning are a topographical survey business, which was founded almost 50 years ago, the existing team will remain in situ and form part of the growth plan at the business.
Sheraz Akram Director and Head of the Corporate & Commercial Team at Douglas-Jones Mercer commented “this is an important deal on both sides of the table. The Longdin business is extremely specialist in nature and it includes as clients some of the largest business entities in the world. The fact that the management team form such an intrinsic part of the ongoing business is testament to their knowledge and expertise in the industry”
Sheraz Akram was assisted on the property element of the transaction by his commercial property colleague Rob Howells.
Tom Cox of Longdin & Browning commented “When it came to the point of wishing to sell on the company, we didn’t hesitate to instruct DJM to oversee the transaction.
This transaction was dealt with their usual professionalism, and once again demonstrated their ability to explain complex issues in a straightforward manner, coupled with patience and tenacity in equal mix to resolve what , at times, seemed immoveable obstacles. Sheraz and Rob were both excellent to work with, and we would not hesitate to recommend them”
See Insider Article published on 17th April 2014 at 08.33 am