UK engineering consultancies Drumacross and Croftstone have accomplished a merger to create a agency of greater than 60 professionals. Each events had been suggested on the deal by professionals from Quantuma, Ansons Legislation, CFO Centre, and TLT.
Conall Reddin from Drumacross commented, “Becoming a member of forces with Croftstone creates a stronger platform for our enterprise, our folks and our prospects. There’s a clear strategic and cultural match between the 2 infrastructure consultancies, and we see vital alternatives to develop and innovate as half of a bigger group. I look ahead to working carefully with Tony and the Croftstone group to understand the total potential of this merger.”
Based in 2018, Drumacross is an expert providers organisation working throughout the private and non-private sector asset infrastructure markets, from places of work in St Albans and Manchester. Established in 2011, Croftstone Administration is a multi-disciplinary administration consultancy offering end-to-end assist for giant scale infrastructure programmes, and primarily based in Stratford-upon-Avon.
With Drumacross’ acquisition of Croftstone Administration, the mixed agency will deliver collectively two complementary engineering consultancies to create a bigger group. The non-cash deal successfully merges the 2 companies, whereas the mixed operation will commerce below the Drumacross title.
Tony Cave from Croftstone added, “This merger represents an thrilling step in Croftstone’s journey. Bringing our infrastructure consultancy enterprise along with Drumacross will permit us to construct a best-in-class consultancy group with actual scale. This transfer broadens our capabilities and permits us to proceed to ship excellent service to our purchasers. I’m delighted to be working alongside Conall and the Drumacross group as we take the enterprise ahead collectively.”
Deal advisors
Enterprise advisory agency Quantuma suggested Croftstone Administration and Drumacross on their merger. Quantuma’s group led by Scott Peters and Finlay McLoskey acted as lead monetary adviser to the events, enabling the mixed enterprise to take a position additional in its folks, programs and repair providing whereas delivering infrastructure advisory options.
Peters famous, “We’re delighted to have supported Croftstone and Drumacross on their landmark merger. This transaction brings collectively two high-quality companies with complementary strengths and powerful management groups, offering a strong platform for long-term progress. It has been a pleasure working with Tony, Conall and their groups to assist construction and ship an answer that helps their strategic goals.”
Croftstone was additionally suggested by Paul Bennett at Ansons Legislation and Deborah Spence on the CFO Centre. In the meantime, Drumacross was suggested by Andrew Glaze and Mat Harvey at TLT assisted by a cross-firm group together with Matt Shephard and William Ngan.
Paul Bennett from Ansons Legislation acknowledged, “The merger of Croftstone and Drumacross was a strategic transfer which wanted to be carried out in a reasonably quick time period. We’re happy that we had been in a position to obtain this for Tony and Conall, and we want all of them the success on this new stage.”
In the meantime, Andrew Glaze from TLT concluded, “We’re delighted to have acted on the merger of those two top quality and complementary companies, and we look ahead to seeing the enlarged group go from power to power. As ever it was nice to work with Scott and the group at Quantuma.”
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