UK independent and Stockport HQ based Egan Reid has made its fourth external growth investment in the past seven years.
The latest deal involves taking a majority stake in TODDS Group, a Lincoln-based office supplies, furniture and fit-out specialist.
Egan Reid said the transaction represented “a significant step” in its growth strategy as annual sales head towards the £20 million ($25 million) mark, and that it “guarantees a bright and exciting future for both businesses”. Shane Beesley will continue as Managing Director of TODDS Group, it was confirmed, working with the existing team in Lincoln.
Andrew and Martin Reid, Egan Reid’s joint Managing Directors and owners, commented:
“TODDS Group and Egan Reid complement each other very well, with the same values and aspirations. The acquisition is about much more than geographical expansion; it’s also an opportunity for our teams in Stockport, Bradford, the Isle of Man and now Lincoln to share knowledge and best practice and grow stronger together.”
Brabners provided legal advice and support throughout via Sam Mabon, Ruth Hargreaves and Emma Thomas