M&A Bourn Hall buys ISIS Fertility
Time to come out of hibernation?

Don't mention green shoots...........

We've recently completed another transaction - the acquisition by Cambridge based Flora-tec of Suffolk based Elmy Landscapes .

Flora-tec-cropped Flora-tec is one of the UK’s leading corporate horticulture companies - essentially is supplies and maintains any plants that a corporate might require.    It is based in Cambridge and it operates throughout the UK from branches in Ware, Esher, Birmingham, Chester & Leeds.   Customers include Hand Picked Hotels, Sharp, Fujitsu, Roche and The Audit Commission.
 
Flora-tec was formerly part of Cambridge based Unwins, and was the subject of a management buy-out led by Andy Bradley in 2007.

Elmy was founded in 2000 and its focus is the provision of grounds maintenance and landscape services with particular expertise in looking after school and sports-grounds.  Its clients include Colchester Borough Council, Carillion and Suffolk County Council.   Elmy has recently won the contract to provide landscape maintenance to the new Cambridgeshire guided Busway (assuming its every completed).   Peter Elmy is going to be a consultant.

Helen Drayton at Hewitsonsin Cambridge did the legal work for Flora-tec.

I'm always impressed at the deep well of cliches and familiar phrases that the press have a their finger tips when covering transactions - so I was half expecting headlines along the lines of "green shoots of recovery" for this one.    Given the fragility of the recovery I think that'd be tempting fate.   Full marks then to Tony Quested of Business Weekly,  for "Plant firm branches out with acquisition"!  Runner up prizes to Business in East Angliafor "New year deal flower at Flora-tec"  and Horticulture week'smore prosaic "Elmy Landscapes bought by Flora-tec"

Interestingly - and entirely coincidently - both this deal and the Bourn Hall acquisition of ISISI posted about recently involved management buyouts which had prospered post buyout and moved on to making their first acquisition.  Not only that both deals involved companies in Cambridgeshire acquiring businesses in Suffolk. More details of both transactions on our website.

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