Health & Safety acquisition brings new opportunities for insurance intermediary thanks to McBrides Corporate Finance

McBrides Accountants LLP

Deal type: Aquisition
Industry Sector: Finance
Completion date: 19th April 2022
Adviser(s):McBrides Accountants LLP

Health & Safety acquisition brings new opportunities for insurance intermediary thanks to McBrides Corporate Finance

McBrides Corporate Finance team is delighted to have advised City-based Baily Garner (Health & Safety) Ltd on its sale to insurance intermediary PIB Group Ltd and joining PIB Risk Management.

McBrides partner Nigel Kimber and senior manager Anthony Hawkins, both in the corporate finance team, advised Baily Garner HS on the full sale process from an initial value assessment through to conclusion of the transaction. They marketed the company for sale receiving a number of indicative offers and then assisted the directors in assessing the offers before negotiating terms with the preferred purchaser. They also assisted with the due diligence enquiries and commercial aspects of the sale and purchase agreement.

Baily Garner HS provides a comprehensive range of health and safety services to blue-chip organisations across a range of industries nationally. Led by managing director Paul Lennon, it has grown from a team of construction design management planning supervisors started over 30 years ago, establishing itself as a limited company in 1995.

The Baily Garner HS team will strengthen PIB Risk Management and work with both sets of customers under the PIB brand. They will also bring several complementary services as well as additional new ones, including a bespoke web-based application that holds all Baily Garner HS commissions and enables clients to manage health and safety, files and documents online, as well as live project information.

McBrides Corporate Finance partner Nigel Kimber said: “We’re delighted to have advised and helped our long-standing client Baily Garner HS in this transaction. Health and safety is so important to get right and from the start PIB Risk Management saw the strengths and opportunities afforded through a purchase of Baily Garner HS. It’s been a pleasure to work with Paul Lennon and I wish him and his team every success as they start working with PIB.”

Commenting on McBrides’ advisory help, Paul Lennon said: “Our people are our strength and collaboration means everything to us. We work hard to provide a practical and constructive approach to all our clients. We are genuinely passionate about what we do and how we build and inspire a positive and safe environment for the future across all the projects we are involved in.

“I would like to offer my sincere thanks to Nigel, Anthony and their McBrides colleagues for their patience, guidance and thorough professionalism throughout the whole process. I have nothing but praise and appreciation for all that the McBrides team has done both on this transaction and throughout our business relationship.”