We are pleased to announce that Trethowans acted as legal advisors to Elliotts Builders Merchants in their recent acquisition of New Forest Hire, a Totton-based tool and plant hire company. The transaction marks another significant step in Elliotts’ strategic expansion, enhancing their ability to offer a comprehensive range of construction solutions to customers across the South of England.
The deal was led by corporate partner Nick Gent, with support from associate Amrita Sangha, who advised on and drafted the business purchase agreement. David Jones, senior associate in our commercial property team, provided specialist advice on the property aspects of the transaction, including a licence to assign.
New Forest Hire will continue to operate under its existing name and management, becoming part of the broader Elliotts group, which includes Elliotts Builder’s Merchants, Elliotts Living Spaces, Elliotts Premier Roofing, and the recently acquired Futuremost Group.
Trethowans brings extensive experience advising clients in the building materials supply sector, including on related acquisitions and sales with values up to £25m. Trethowans corporate and commercial teams are well-versed in the sector’s unique challenges, including property, compliance and commercial contracts.
Tom Elliott, Chief Executive of Elliotts Builders Merchants, commented: “This acquisition is a key milestone in our journey to becoming a complete ‘one-stop shop’ for our customers, and we’re excited to welcome New Forest Hire into the Elliotts family. We’re grateful for the expert legal guidance provided by Trethowans throughout this acquisition.”
This acquisition supports Elliotts’ long-term strategy of delivering added value to its customers through expanded services and reinforces its position as a leading provider of building solutions in the region.