Big names dovetail services in sustainable construction materials
BPE Solicitors are proud to announce they acted for construction aggregates firm Allstone on a multimillion-pound deal to acquire concrete suppliers, Monster Mix.
Based on Gloucester’s Eastern Avenue, Monster Mix’s team now join the existing payroll of 90 Allstone staff operating from its Myers Road HQ. The move means Allstone’s aggregates, familiar Speedy Skips service, and Monster Mix’s fleet now come under the direction of the same parent company – Allstone Holdings.
Simon Ford, Allstone’s owner and CEO, said: “In terms of vertical integration, this move made excellent sense: Monster Mix are a thriving volumetric, drum-mix and concrete pumping business. Bringing the two companies together presents an exciting range of opportunities, all of which will make the two entities stronger together.”
Key to the relationship, Monster Mix owner and founder Paul Hopson will stay with the business, retaining shareholding, while Allstone gains a majority and controlling interest. Revenues for the combined operation are forecast to exceed £20m.
Laurence Twiselton, Partner at BPE commented: “It was fantastic to work with Rowan and Allstone Finance Director Mebin Chacko. BPE are proud to have supported Allstone in acquiring this key strategic business. We’re looking forward to working with them in the future as they continue to grow.”
Laurence was supported by fellow members of the Corporate and Commercial team at BPE: Simon Gale (Partner), Joley Croft (Associate) and Jasmine Bailey (Trainee Solicitor), as well as Commercial Property’s Thomas Christie (Senior Associate) and Employment’s Emily Arnold (Associate).
Phil Redgate and the team from Bishop Fleming provided advisory services including financial and tax due diligence to Allstone on the acquisition. Phil stated: “We’re proud to have supported this milestone acquisition for the group, further reinforcing Allstone’s leading position in the construction materials market across Gloucestershire and the wider region.” ”
The Bishop Fleming team advising on the project included Charles Davey (Corporate Finance Partner), George Preece (Corporate Finance Manager), Linda Simmonds (Tax Director) and Hannah Thorogood (Tax Manager).
Rowan Elliott, Allstone Managing Director, said: “Having instigated and led this initiative for 12 months, I’m thrilled to see it come to fruition. There were so many underlying business synergies, marking this expansion out as a natural option: beyond an overlapping customer base, we’re now proud to say that as one company we can provide sustainable raw materials, waste management services and concrete products for our customers. Looking ahead, we have a planned growth strategy very much focused on supplying local and regional sustainable construction products. Laurence and the team at BPE were brilliant in acting for us during this acquisition. They are efficient and knowledgeable, which helped us to feel confident through the entire process.”
ENDS
For more information, please contact Sam Round at sam.round@bpe.co.uk
Notes to editors
BPE
BPE Solicitors is a law firm in the UK. With more than 100 staff including 50 fee-earners, BPE is based in Cheltenham, and works with clients locally, regionally, and nationally.
Many clients have been retained for decades and the firm has supported young businesses in their growth to become multi-million-pound, multi-national operations.
BPE Solicitors is an entrepreneurial business working with like-minded businesses and individuals. It supports businesses through their lifecycle, from starting up and structuring a business, to development either through growth, joint ventures, buying and selling or floating on the stock market.
Allstone
Allstone, which started out in 1983 on Gloucester’s Denmark Road, recently hit the headlines with a significant investment to refine the company’s sustainability credentials. This included a multi-million-pound investment on a new recycled aggregate production facility at the firm’s HQ, turning construction waste into sustainable building materials.
Alongside this, Allstone continues to operate its automated waste recovery plant. Showcasing at the recent Gloucester Growth Hub Net Zero event, this facility diverts unwanted skip materials from landfill, reducing carbon impact by 60%. Remaining residual material from this process provides fuel for sustainable energy production, powering homes and businesses.
Alongside partnership with Gloucester Rugby the firm sponsors a host of key community events and a long list of local and national charities, including Sue Ryder.
For more information, please visit: www.bpe.co.uk
