Working closely with accountancy firm MHA Tait Walker, we supported Northumbrian Roads in a deal that ensures the business will continue to grow under its new ownership.
Strong North East presence
The North East road maintenance contractor was sold to part of a global construction group as part of its strategy to build its presence in the infrastructure sector.
Prudhoe’s Northumbrian Roads is a road surfacing and highway maintenance contractor with a strong presence in the North East market.
The acquisition is part of the buyer’s strategy and will allow the company to strengthen its position as it seeks to gain market share in the major infrastructure schemes it believes will be needed as part of the economic recovery following the COVID-19 pandemic.
Track record spanning over 30 years
Northumbrian Roads, which has depots at the Port of Tyne and the Port of Sunderland, was established in the late 1980s by the late John Lynch and his business partner George Barton.
Among the high profile contracts it has been involved in was the re-surfacing of the Wearmouth Bridge in Sunderland last year.
A successful journey completes
Sean Lynch, owner, from Northumbrian Roads said: “Ever since the company was founded by my father John Lynch and business partner George Barton over 31 years ago, we have progressively grown the company, focusing on strong relations with our customers, teamwork and innovation, complemented by the highest quality materials and a first class service.
“The take-over process was made smooth and the legal and financial aspects were carried out in such a professional manner by both Muckle LLP and MHA Tait Walker that we had confidence that we were doing the right thing for the company to move forward.”
Confidence boosting advice
Matthew Walsh, corporate partner, said: “We’ve advised Northumbrian Roads for many years and it is no surprise that the company has attracted the attention of a national leader in its field.
“It is a very well-run business and, with the added support the acquisition will bring, I’m sure it will continue to thrive within our region.”
Steve Plaskitt, corporate finance partner at MHA Tait Walker, led the disposal team and Adrienne Paterson provided the taxation advice to the sellers in readiness for the sale.
Steve Plaskitt added: “It is great for the Lynch family to be able to sell their shares and to see the company their father founded many years ago become part of a larger group and to continue to serve the North East. I am sure the business has a very bright future.”