BPE Solicitors has advised on the sale of the Midlands-based drainage and wastewater business Draintech Services (Midlands) Limited to Ipsum Utilities Limited.
BPE’s team advising on the sale was led by Corporate Partner and Team Leader, Anthony Rudge, supported by Trainee Solicitor Alex O’Neill.
The wider team comprised Simon Gale (Commercial Partner), Thomas Christie (Property Partner), Emily Arnold (Employment Senior Associate) and Samantha Taylor (Property Associate).
Draintech was also advised by Dave Graham, Ross Thomas and Chris Dougan at DSW Corporate Finance.
Anthony Rudge, Partner and Head of Corporate at BPE Solicitors, said:
“We were delighted to advise the shareholders on the sale of Draintech. Having built a well-established business with a strong presence in the Midlands, this was an important transaction for the sellers, and we were pleased to support them throughout the process.
“It was a great example of the strength of our full-service offering, with colleagues from across the firm working together to support the sellers throughout the transaction.”
Jack Turl at Hardyman Group said:
“We are proud of what Draintech has achieved during its time within Hardyman Group. Cliff and the team have worked hard to build a respected business, and we would like to thank them for their dedication and contribution over the years. We wish the business and its people every success under its new ownership.
We would also like to thank BPE and DSW for their advice, commitment, and hard work throughout the sale. Their practical approach and support were invaluable in bringing the transaction to a successful conclusion.”
Clifford Beasley said:
“Draintech has been a significant part of my life, and I am immensely proud of the business and the people who have helped build it. I would like to thank our employees, customers, and everyone at Hardyman for their support over the years. I look forward to seeing the business continue to develop as part of its new ownership. My thanks also go to the teams at BPE and DSW for guiding us through the sale. Having advisers who understood the business and what mattered to us made a real difference throughout the process.”
