Turner Butler Successfully completed part-sale of Greentherm Mechanical & Electrical Services Limited of Essex
Turner Butler is pleased to announce the recent part-sale of Greentherm Mechanical & Electrical Services Limited of Essex. Advertised with a guide price of £1.5m the vendor agreed to a part sale and part investment from a serial investor with plans to grow the business beyond its present £4.2m turnover.
Rupert Cattell the managing director of Turner Butler said: “We were instructed to sell the entire business but we introduced a buyer who was interested in working alongside the owner and building the business with a view to selling it in a few years’ time. The parties got on well and a deal was concluded within only a few weeks.”
The vendor said: “Rupert, all is good thank you, we have completed the transaction. Many thanks for arranging the introduction.”