The industrial products team at Transcend Corporate, led by Chris Bill, advised the shareholders of Flynn Group Limited (Flynn) on the sale of their business to M&J Evans. The deal was completed on 10th August 2021. Transcend Corporate introduced M&J Evans to Flynn as a potential buyer at the start of this sale process.
Flynn is a leading ground works and civil engineering business based in Swindon. The group has grown to become one of the leading ground engineering companies in the South West region with a workforce of over 530 staff. Flynn is run by Alf Hambidge, who will be remaining with Flynn as Managing Director and who will now join the senior leadership team of M&J Evans.
M&J Evans is a leading ground works and civil engineering business based in Walsall in the West Midlands. M&J Evans operates as a sub-contractor for most of the major and regional housebuilders.
The combination of Flynn and M&J Evans will expand the enlarged group’s geographical footprint into the South West bringing with it Flynn’s proven management team and strong client relationships.
Bill Hall, major shareholder of Flynn, said: “Having successfully grown Flynn during the period of our ownership we wanted to find the right buyer for our business. We were delighted to be introduced to M&J Evans by Transcend and quickly saw a common approach to customer service and employee engagement. We look forward to watching Flynn continue to flourish as part of the enlarged M&J Evans Group. Transcend played a key role in delivering this deal for the shareholders of Flynn. We gave them a challenging brief, but their hard work and determination was a key factor in ensuring we achieved this successful outcome. We would happily recommend Transcend to business owners looking for corporate finance advice.”
Chris Bill, Director of Transcend Corporate, said: “We introduced M&J Evans to the shareholders of Flynn as we believed there was a major value driver for both businesses in bringing them together. Both businesses have seen strong growth their combination will enhance this growth further in the future. It has been a pleasure working for the shareholders in the sale of the business”.
