One of the UK’s leading piling and foundation specialists, Roger Bullivant Ltd (Bullivant) has been sold to the French parent company of rival Bachy Soletanche (Bachy) for an undisclosed sum, in a complex deal structured and delivered by Yorkshire lawyers
One of the UK’s leading piling and foundation specialists, Roger Bullivant Ltd (Bullivant) has been sold to the French parent company of rival Bachy Soletanche (Bachy) for an undisclosed sum, in a complex deal structured and delivered by our corporate team and other Yorkshire finance and business advisors.
Bullivant has its regional base at Normanton, Yorkshire and was established in 1971 by chairman and founder Roger Bullivant (72). The firm has grown to be one of the UK’s leading ground engineering businesses and provider of piling and structural building and civil engineering services.
The deal involved the sale of the Roger Bullivant foundation and piling business to the global construction group Soletanche Bachy Entreprise SAS for an undisclosed sum.
A team of Leeds based advisors, led by Richard Moran and Rachel Dean of Clarion and Jonathan Steed of Grant Thornton transaction advisory services, advised on the deal.
Bullivant has its head office and main manufacturing centre at Burton upon Trent, as well as seven regional bases in Yorkshire, Preston, Alloa, East Boldon (Tyne and Wear), Dartford, Westbury (Wiltshire) and Port Talbot. It is understood that Bachy and Bullivant will operate as separate trading subsidiaries of the group in the UK and will not be merged.
“This deal sees one of the UK’s construction success stories stabilised in a really tough climate, gain massive opportunities overnight, and offers the potential for the business to grow from its current position within the structure of an international group,” said Richard Moran of Clarion.
“That the Yorkshire dealmaking community was so centrally involved in a deal that was headquartered in the Midlands speaks volumes for the standing of our professional services offering in this region,” he added.
Jonathan Steed, director at Grant Thornton in Leeds said; “Bullivant has retained strong market share in certain aspects of ground engineering that made it very attractive to Bachy Soletanche. It is a good strategic fit which takes Bachy Soletanche into a new market segment and so enhances its overall offering.”
Lawyers from DLA Piper’s Sheffield office also advised parties in the highly complex transaction.
Bullivant’s client list includes landmark construction projects for clients including Tesco, Vodafone, Pizza Express and many other household brands. The firm’s piling rigs are also a common sight at building and civil engineering projects across the UK.
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