DMH Stallard has advised J&A Lloyd Investments Limited, on the sale of Toolout Limited, Langley Engineering Limited, and Jointing Technologies Limited, to Wolseley Infrastructure, part of the Wolseley group and the UK’s largest merchant supplier of products and services to the UK building and trade professionals.
The Jointing Technologies group is a leading specialist power cable and accessories distributor operating in the electricity sector and associated markets, with fie sites across England, Wales and Eire. Wolseley has over 500 branches in the UK and employs nearly 5,000 people.
Jonathan Grant, Partner and Head of Corporate at DMH Stallard, led the team advising J&A Lloyd Investments Limited. He said:
“We were delighted to help the Jointing Technologies group move to a new exciting stage of development, with the support of the Wolseley group. Sale follows fast growth under the leadership of Adam Lloyd, who will support the transition to Wolseley”.
Kirsty Wilson and Chris Ketley of Knill James provided corporate finance and tax advice to J&A.