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Higgs & Sons advises Boing Boing Group on the first of planned acquisitions
Article date: 07/08/2015
The award winning corporate team at Higgs & Sons has assisted Boing Boing Group Limited (BBG), founded by industry figurehead Gary Morton, on its acquisition of Reliant Products Limited which trades as Central RPL, a long established Midlands fabricator.
Central RPL, foundered by the 2011 merger of Central CRC (est. 1992) and RPL Tradeframes (est. 1982), specialises in glazing manufacture from its base in West Bromwich, serving customers nationally.
After a short period outside the industry, Gary Morton has been working behind the scenes on his aggressive plans for BBG and this first acquisition firmly establishes his return to the fabrication sector.
Gary commented: "Central RPL is a business I am familiar with and was an obvious choice for our first acquisition.
"After a period of strategic development, which includes some ambitious growth targets, we will stabilise the team, implement systems and then proceed on to our second target. We will also further develop the group over the coming years with at least two further strategic acquisitions in the pipeline. Watch this space."
Joining Gary on the board of BBG will be Martyn Elwell (Sales & Marketing), David Martin, of Thomas Nock Martin Accountants and Richard Griffiths, a Partner in Higgs & Sons' corporate team, who will take up the post of non-executive director.
Richard said: "The core of our ethos at Higgs & Sons is to work closely alongside our clients and understand their business and the challenges they face.
"I am delighted to be invited to take up the post of non-executive director and to support BBG with its acquisition plans. I look forward to helping the group go from strength to strength."
The deal was funded by Aldermore Invoice Finance (Ian Pincher) and HSBC (Victoria Emery).
For specialist advice on all aspects of corporate law including re-structures, disposals, mergers and acquisitions, call Richard Griffiths on 0845 111 5050 or e-mail firstname.lastname@example.org.
Pictured left to right:David Martin, Thomas Nock Martin Accountants; Rachel Radford, Thomas Nock Martin Accountants; Katie Willems, Higgs & Sons; Gary Morton, Boing Boing CEO and CentralRPL managing director; and Richard Griffiths, Higgs & Sons.