Sale of Greenoak

Logo of Greenoak Equipment Ltd

PEM Corporate Finance acted as lead advisers to the shareholders on the disposal of the company to Dairy Spares Ltd which operates from a large distribution centre in Whitchurch, Shropshire.  Over the last 10 years and with considerable investment, it has extended its distribution nationally and now has over 500 distributors from Penzance to the Orkney Islands.  The combined group will be the largest supplier of dairy spares in the UK.

Company background

Greenoak Equipment Ltd (‘Greenoak’), founded in 1991, is one of the UK’s largest suppliers of low cost replacement parts to the dairy industry worldwide.  Greenoak also supplies complete milking parlours for dairy cows, sheep and goats with different levels of automation.  With strong technical support during installation and after sales service, Greenoak supplies to over 200 trade customers.  The Company has also developed its own brand of electronic automation systems for milking parlours.

What was special

PEMCF were appointed to undertake an international marketing of Greenoak to ensure the business was exposed to as many strategic buyers as possible. In the end the best deal was secured with a strategic UK partner who had the opportunity to consolidate the two businesses.

Deal structure

This was a normal sale of shares to a large corporate buyer.

 

Read the press release

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