Spire Solicitors LLP recently acted for Flagship Group on the acquisition of Colchester-based, Blue Flame Services which was acquired by Gasway Services Ltd, a subsidiary of Flagship Group.
Gasway is based in Norwich and operates across East Anglia, London and the Home Counties providing heating and hot water solutions for home owners, businesses and social housing landlords. Blueflame operates in Suffolk and Essex providing gas, oil, electric and renewable services. Together, the two businesses will be stronger and have greater competitive scale to take advantage of more opportunities across East Anglia.
Matthew Downing, a Partner at Spire and led the transaction said: “It is a very exciting time for Flagship Group as it continues to grow and expand its overall offering. This acquisition enables Gasway to expand its operations further and to benefit from the experience of the team at Blue Flame as part of is strategic development going forward”.
Andrew Yuill, Director of Business Growth at Flagship, stated: “Since it was acquired by Flagship Group in December 2017, Gasway has integrated into the Group extremely well. It is important we support and continue to grow the business, and the Blueflame acquisition was a key aspect of our growth strategy for Gasway.”
Andrew Yuill added: “Matthew at Spire was an integral part in supporting us through the transaction from start to finish and offered clear and effective advice throughout the process. We are really pleased with the outcome achieved by Matthew and the team at Spire and we look forward to continuing to work with them.”
Matthew Downing was supported at Spire Solicitors LLP by Lauren Toynton who advised on the Commercial Property aspects and Sarb Gosal who advised on the Employment aspects.
Price Bailey LLP supported the transaction providing Corporate Finance advice and the team was led by Corporate Finance Partner, Stephen Reed and supported by Sebastian Humberston.
