One of the UK’s leading independent glass merchants and processor groups has continued its expansion with a further strategic acquisition.
United Glass Group (UGG), with its headquarters in Aldridge, Walsall, has acquired London Architectural Glass (LAG), based in Hayes near Heathrow.
Expert advisors from leading Midlands law firm Higgs & Sons represented UGG in the acquisition having assisted the buyer with three similar deals in recent years.
UGG has received £4.5m towards the acquisition from Duke Royalty Limited, a provider of alternative capital solutions and an existing partner.
Jamie Partington, the Partner in the corporate law team, at Higgs & Sons who led on the transaction, said: “We have had a long and successful relationship with United Glass Group and we are delighted to assist on this latest deal.
“We worked closely with Stephen Thornhill of Intelligent Corporate Finance, who did a fantastic job negotiating and managing the transaction throughout as always.
“UGG continues to go from strength to strength and we are delighted to assist the business in implementing its growth strategy.”
Jamie was supported by Higgs colleagues Damian Beard, Craig Thomas and Nathan Gray. Iain Wright, of Claritas Tax, provided tax advisory services.
LAG is a UK supplier of bespoke architectural glass to premium residential, educational and heritage projects throughout the UK.
Mark Harrison, CEO of UGG, said: “LAG represents UGG’s fourth acquisition and I am delighted to be able to bring such a well-managed and successful business inside the UGG group.
“Higgs & Sons has been our long-standing legal partner of choice and once again offered outstanding advice and service throughout this process.”
With years of experience and a strength in depth across all business areas, Higgs & Sons’ business services department incorporates specialist teams focussing on corporate, commercial, tax and business wealth preservation, insolvency and business recovery and company secretarial services.
