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Mike Bruce, GRP’s CEO Broking said: “This is a quality business with an excellent track record in Lancashire, and strong ties to the community where it operates.
Husband and wife team John and Susan Meadows have been the driving force behind Sagar for many years and will continue to run the business under GRP’s ownership.
Christian Mayo, Stewart Cape and Edward Crocker of KPMG’s Northern Corporate Finance team advised the shareholders on the sale of the business to GRP, with tax advice provided by KPMG’s Nathan Potton. Paul Johnson of Mills and Reeve’s Corporate team provided legal advice to the shareholders. The terms of the deal have not been disclosed, though the acquisition has received regulatory approval.
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