Cowgills advise North West based Assist Group on its sale to Idverde headquartered in Paris.
Assist Group are an established provider of grounds maintenance, arboriculture and highway services, employing over 200 colleagues across the public sector, including Local Authorities, Central Government, Defence and Social Housing. With a market leading technology platform and innovative working practices, Assist has delivered an impressive track record of achieving significant growth year on year, principally in the North West and Midlands area of England
About the deal
Cowgills have worked with Assist for over 10 years, supporting the growth and infrastructure development of the business. We understood the importance of identifying a buyer who recognises the value of Assist and can support the next stage of growth. Our client was apprehensive on formally marketing to a wide range of buyers due to potential information leaks. We mitigated the risk by targeting a small number of credible buyers identified by Cowgills.
Cowgills approached idverde on a technical transaction with international board approval requirements and negotiated a value above shareholder expectations. Cowgills provided lead advisory and tax services to support the deal.
Dave Dargan, Founder and CEO of Assist Group comments; “This is exiting news for everyone at Assist, the business has been on a fantastic journey which has seen us achieve impressive growth in our markets with new and existing clients. I am immensely proud of what we have achieved and am excited about what the future holds for our colleagues and customers.”
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