Case Study: Legal sector team help secure future of longstanding Cumbrian law firm
Background
Whitehaven-based Bleasdale & Co was established in 1920 and has a longstanding reputation in the local area. The firm’s directors Pam Thomas and Sarah De-Maine wanted to secure a deal with another firm that has similar cultural values to protect their future and strengthen the services on offer to their clients.
How we helped
Legal Sector Partner Andy Poole and his team supported Bleasdale & Co by arranging and securing an acquisition of the business by Bendles Solicitors, another local firm which covers similar areas of law. Bendles, which has provided legal services for more than 200 years, is also based in Cumbria and has offices in Carlisle and Wigton.
The team explored the legal sector market and suggested potentially suitable firms, before making introductions and broking a deal.
It quickly became clear that Bendles ticked a lot of boxes and that they could negotiate a deal that appeared to be win-win. That was achieved fairly easily with goodwill on all sides.
Andy and the team assisted with due diligence and then with the commercial aspects of the Asset Purchase Agreement and in project-managing the deal to completion.
Results
Pam Thomas, Director at Bleasdale & Co Solicitors, said: “We are delighted to be partnering with Bendles Solicitors. We think this will strengthen the offering to our clients in the West Cumbria area and help deliver an even better service. The fact that we cover similar areas of law will strengthen the advice and support that we can give to our clients.”
Andy said: “Pam and Sarah were great to work with, and it was nice for them to respond with praise for Armstrong Watson.”
In a message of thanks, the directors of Bleasdale & Co said: “Thank you so much for your support and efforts in getting this past the post. I cannot put into words what this means to us. I have always felt in safe hands with you and I hugely appreciate your hard work and the speed at which you have dealt with things on our behalf.”
