Trethowans completes sale of Exall Jones Timber and Builders Merchants
Trethowans has successfully completed the sale of Exall Jones Timber and Builders Merchants to Huws Gray Group, an independent builders’ merchants.
The deal, which completed on 29 October 2021, is one of many Trethowans has completed this year, with the Southampton corporate and commercial team continuing to flourish.
Founded in 1984 by David Jones and the late John Exall, the builders and timber merchants based in Swansea City centre has served a broad customer base, from DIY’ers and self-builders through to housing developers, major contractors, and local authorities across South Wales.
Jones said: “We are sure that we are leaving our loyal staff and customers in good hands. We’ve been fortunate to have some excellent customers and we know that they will continue to receive the same great service as we join the Huws Gray Group. I would also like to express a huge thanks to the whole team, their dedication and enthusiasm has been a massive contributor to our success, and we know that they will continue to thrive under this new ownership. I’d like to give a special thanks to my co-directors Chris Jones, Rob Exall and Jim Mills.”
Acting for the shareholders of Exall Jones, Trethowans adopted a cross sector approach, utilising lawyers across different areas of its business, such as property, regulatory and employment, to provide consistent advice across the deal.
The Trethowans’ team were led by corporate senior associate Jamie Earley, who was assisted by Ben MacDiarmid. Andrew Crudge, associate in the employment team, assisted with the employment aspects and senior associate Tom Mitchell assisted with the property aspects, both of whom regularly assist the corporate team with mergers and acquisitions.
Jamie said: “We were delighted to complete this deal on behalf of the shareholders of Exall Jones, the acquisition is positive news for everyone involved with the business and we’d like to extend our congratulations to the sellers and Huws Gray.”
Huws Gray Group is based in Anglesey and the transaction is one of a number of deals where Trethowans have acted for sellers to the rapidly expanding Huws Gray business.
Jim Mills, former director of Exall Jones, who coordinated the transaction on behalf of the sellers, commented: “It was a pleasure to work with Jamie and his team over the past few months. The due diligence process is, as a whole quite daunting however, their attention to detail, constant guidance and support was very much appreciated and invaluable in completing the successful sale of our company.”