Showcasing the Best of Welsh Business

DEFAULT GROUP

Greenaway Scott Supports Major CoolTherm Disposal to Carver Group

SHARE
,

Business advisory firm Greenaway Scott is “delighted” to have supported the disposal of air conditioning leader CoolTherm to the internationally renowned Carver Group.

The firm’s corporate team, led by associate director Leanne Thomas, facilitated the successful acquisition between two of the leaders in the air system’s market this month.

As part of the deal, Greenaway Scott advised the shareholders at CoolTherm Group Limited and worked alongside the selling team to ensure a successful outcome.

The acquisition follows a period of significant success for shareholders and managers at CoolTherm.

It will also enable the family-run Carver Group, which has 240 years’ of heritage rooted firmly in the Midlands, to progress with its ambitions plans to expand and invest in the heating, ventilation, and air conditioning (HVAC) sectors across both North America and Europe.

They added that the acquisition “demonstrates their intention to create a group offering high quality bespoke products and services to all its customers”.

On the successful acquisition, a spokesman for Carver Group, said:

“CoolTherm will remain a separate organisation from our current businesses and will continue to operate independently. We believe the acquisition will offer us the opportunity to grow in other directions, both nationally and internationally and will form a key part of our new five-year plan for expansion.

“The CoolTherm ethos is an excellent fit for the Carver Group, being privately owned and focused on delivering exceptional customer service, and we are pleased that the majority of directors will be continuing with the business.”

Associate Director at Greenaway Scott Leanne Thomas, who led the transaction, said it was a privilege to support both business’s aims.

She said:

“Greenaway Scott was delighted to act on this deal between two leaders in the Air Systems market, and we wish CoolTherm and the Carver Group all the best for future success. We are sure that we will see CoolTherm continue to thrive under its new ownership structure.”