Moore Kingston Smith Corporate Finance advises Pinewood Structures Holdings Limited on its sale to Lagan Investments Limited
Moore Kingston Smith Corporate Finance has advised the shareholders of Pinewood Structures on the sale of the business to Lagan Investment.
Founded in 1981 in Sandy, Bedfordshire, Pinewood Structures is a leading provider of sustainable timber frame structural solutions encompassing high-performance platform timber frames.
With house builders and major contractors as their main national customers, Pinewood Structures has delivered over 600 successful projects in the last 15 years, from housing, retirement living and supermarkets, to schools, student accommodation and hotel developments.
Lagan Investments is an investment group based in Belfast that owns Frame-Tech Structures, based in Dewsbury, West Yorkshire, one of the fastest-growing providers of timber frame solutions in the UK, and FastHouse in Co Derry.
The purchase of Pinewood Structures means that two of the UK’s leading timber frame manufacturers are joining forces to provide their customers with a wider range of high-quality timber frame solutions in response to the high demand for new houses in the UK.
The Moore Kingston Smith Corporate Finance team was led by Stephen Orriss, Partner, with Matt McRae, Director, and Thomas Betti-Berutto, Assistant Manager.
Geoff Arnold, Managing Director at Pinewood Structure Holdings, commented: “It was great to work with the Moore Kingston Smith team. Their knowledge of the Pinewood business and their no-fuss approach resulted in a smooth transaction for all parties.”
Stephen Orriss, Corporate Finance Partner at Moore Kingston Smith, said: “I was pleased to support Geoff Arnold, Tony Vallely and the other shareholders of Pinewood Structures on the sale of the business to Lagan Investments. Lagan, owners of FrameTech Structures and FastHouse, was the ideal purchaser, as they wish to increase their UK footprint in the timber frame solutions sector at a time when timber frame is fast becoming the technology of choice to deliver energy-efficient and sustainable solutions to build much needed new homes.”