Project Deakin

Benn Longshaw of Sedulo Corporate Finance is pleased to have advised office furniture and stationery suppliers, Egan Reid on a second acquisition in the sector for an undisclosed consideration.

The deal saw Egan Reid acquire the trade and assets of Dart Office Supplies, a business based in Knowsley supplying stationery goods to schools and businesses throughout the North West of England.

Benn was heavily involved in deal negotiations and helped structure the deal before he and his team completed a financial due diligence exercise on behalf of the company.

Brabners advised the company from a legal perspective.

Joint managing director Martin Reid commented,

We are pleased to have purchased Dart, a well-run business which will enable Egan Reid to grow its market share in the North West whilst taking the company’s annual turnover beyond £15m. Hopefully there will be more acquisitions to come.

Joint managing director Andrew Reid said of Sedulo’s involvement,

Getting used to writing these emails to you now; thanks on behalf of all the team at Egan Reid for all your efforts and assistance in the support you have given us in acquiring Dart Office Supplies, as with the last acquisition. Your professionalism and attention to detail is a credit to you and Sedulo Group. Please pass on our appreciation to the rest of the team. Here is to the next one.

Sedulo are continuing to work closely with the company in the search for new opportunities.

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