Birketts advises on sale of demolition giant to Employee Ownership
28 October 2024
Top 50 law firm Birketts has advised demolition, construction and regeneration specialist John F Hunt Group Limited on its sale to its employees under an Employee Ownership Trust (EOT).
Birketts’ Corporate Team advised on all aspects of the sale for its client, which saw 100% of the company and its wider group sold to the EOT this week.
The Birketts niche employee ownership team led by Lisa Hayward, (Partner and Head of Employee Incentives) and Laura Gray, (Senior Associate, Corporate), supported by Kye Strowbridge, (Trainee Solicitor, Employee Incentives) worked seamlessly with corporate colleagues Alex Forwood, (Senior Associate, Corporate), and Alex Price, (Associate, Corporate) with Melanie Harvey, (Legal Director, Commercial and Technology) assisting on all intellectual property matters.
For the right businesses, Employee Ownership Trusts are great. They offer a route to succession which preserves the ability to develop and grow a business, avoids selling to third parties and keeps the workforce at the heart of the business. This sale was another example of how here at Birketts we have a broad range of legal expertise under one roof, cutting across all aspects of an acquisition such as this. It means our client, John F Hunt Group Limited, isn’t dealing with multiple firms and advisers and can be confident that all legal aspects of the sale are joined up.
Lisa Hayward, Partner and Head of Employee Incentives at Birketts, commented: “We’re delighted to have worked with the team at John F Hunt Group in their transition to an Employee Ownership Trust. We look forward to watching the group to continue to succeed as an employee-owned group.”