Whitehead Monckton’s corporate team have advised the shareholders of Swale Heating Limited (“SHL”) on the sale of the company’s entire issued share capital to Sureserve Compliance Services Limited, an affiliate of the Sureserve Group (which is owned by private equity group Cap10).
Heating systems specialist SHL operates across the South East, London and East Anglia, where over 140,000 households rely on it to keep warm. The company was started in 1972 by Ian Pierson, who continued as its Chairman to completion of the sale. The company’s remaining directors will continue to hold office under the new ownership.
With its headquarters in Dartford, the Sureserve Group offers asset and energy support services across the UK, operating out of 31 offices and employing more than 2,800 employees. As a leading compliance and energy services group, it performs critical functions in homes, public and commercial buildings, with a focus on clients in the UK public sector and regulated markets.
Whitehead Monckton’s deal team was led by senior associate Haggai Peri, who was supported by team head, Daniel Tozer, corporate specialist Suzan Petrosian, property specialist Ben Gallafant and employment specialist Antonio Fletcher. Speaking of the sale, Haggai said, “We are delighted to see this transaction complete successfully. As part of the Sureserve Group, SHL will be able to continue to provide the highest level of service to its customers in line with the outstanding level of trust it has earned over the years. And for Sureserve Group, the acquisition represents another excellent opportunity to add a complementary business, to expand geographically and provide broader services.”
Haggai added, “We have a lot of experience acting for successful independently owned and managed businesses in Kent, London and the South East which, in a market driven by consolidation, are acquired by larger corporate groups. It was a real pleasure to work with the owners and directors of SHL, and this deal is the result of their hard work, focus and commitment.”