Cripps advises on the sale of A&A to Dewhurst plc
Cripps has advised the sellers of A&A Electrical Distributors Limited (A&A) on the sale of the company to Dewhurst plc. Dewhurst plc, an independent supplier of quality components to the lift, keypad and transport industries acquired the entire issued share capital of A&A for an initial consideration of £10.5 million, plus a deferred consideration based on profits generated over the next two years.
A&A, based in North East London, is a lift and electrical distribution company which works with major and independent lift companies operating in the UK. The A&A group was founded by Alan and Ann Warren thirty five years ago during which time the company has grown to be a leading supplier of lift components across the UK and has become a long-standing customer of Dewhurst.
Cripps worked closely with Ann and Alan Warren to ensure the sale of their business completed smoothly and their objectives were met. Ann Warren commented, “selling a business is not something you do everyday, so we were very grateful for the support we received from Julie and the team at Cripps. They worked with us to ensure we secured a positive future for the business and staff”.
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