News - Midlands

MacIntyre Hudson leads Kingfisher buy

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The Northampton office of accountancy firm MacIntyre Hudson has advised on the sale of National Energy Services (NES) to retail giant Kingfisher.

It was the firm's 15th deal completion in ten months.

MacIntyre Hudson's corporate finance team, headed by partner Laurence Whitehead, advised the vendors on the sale.

Specialist tax advice was also provided by colleagues Rachel Salter and Gareth Peters.

NES, based in Milton Keynes, provides training and qualifications to energy assessors as well as accreditation schemes for energy assessors and home inspectors.

Retailer Kingfisher has 860 stores in eight countries and approximately 80,000 employees. Its brands include B&Q, Castorama and Screwfix.

In a statement, the company said the purchase of NES would "serve to accelerate Kingfisher’s growth plans, bringing strong expertise in the fast-growing energy efficiency sector".

London-based corporate lawyers Bates Wells & Braithwaite provided legal support to the vendors.

 
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