Rickitt Mitchell advise Broadstock Office Furniture on its disposal to Southerns Group
Rickitt Mitchell advised the shareholders of Broadstock Office Furniture on its disposal to workspace interiors specialist, Southerns Group. The transaction has created a c.£40m turnover group, with over 200 employees.
Broadstock was founded over 30 years ago by Managing Director, Nick Munsch, who will continue to be involved with the operations of the business. The Company operates from two sites in the North-West (Macclesfield and Middleton) and is a leading designer, manufacturer, supplier and installer of desking and seating furniture. Broadstock’s vertically integrated offering and high level of customer service was seen as a key attraction in a fragmented market. Customers span the UK private and public sectors, with a particularly strong presence in the education sector.
Nick Munsch commented, “This transaction is the culmination of years of hard work and running a company for the long term to develop a strong reputation with all stakeholders. As a business we share the vision of the Southerns team and believe that there are great opportunities in combining our strengths. I look forward to continuing to help the business thrive and would like to thank all involved in helping to conclude this transaction”.
The advisory team to Broadstock comprised Neil Mitchell and Kaine Smith.Back to news