SGH LLP acts for McGee Group in acquisition of Bedrock Crushing

Sprecher Grier Halberstam LLP acted for its long-standing client, the McGee Group, in the recent acquisition of Bedrock Crushing & Recycled Materials Limited.  The acquisition broadens the McGee Group’s offering to now include major recycling facilities. Recycling is still one of the growth areas in construction. With an ever greater focus from industry and the Government on environmentally-sound practices, it should continue to grow despite current economic uncertainty. The new business should enable the McGee Group to more efficiently recycle waste from its many civil engineering and demolition projects in and around the City of London, while also further affirming its continuous commitment to best practice.

Rishi Malliwal, Corporate Partner in Sprecher Grier Halberstam LLP who led the team that handled the transaction which included partners Alok Gangola (corporate) and Michael Shapiro (property) as well as associate, Neil Emery (employment) said,

“Whilst each transaction throws up its own unique set of issues to surmount, this transaction had several which required creative thinking from both sets of legal advisers. Finding workable solutions to these issues, allowed the deal to be completed to the satisfaction of our clients.”

Ian Reeves, Chairman

of the McGee Group said, “When the opportunity to acquire Bedrock Crushing arose, we assessed this move as being of strategic benefit to the McGee Group and so had to move quickly.  SGH was on board straight away and played a key role in negotiating a great commercial deal for us and in driving the transaction forward to completion.” 

The transaction completed in July 2008 and the recycling business is now operational through McGee Bedrock Limited, the newest member of the McGee Group.

Finers Stephens Innocent LLP acted for Bedrock Crushing

Denton Wilde Sapte LLP acted for AIB Group

Smith & Williamson provided tax and accountancy advice to the McGee Group

Baker Tilly and Norman Brisk & Company provided tax and accountancy advice to Bedrock Crushing

Contact
For further information, please contact: Rishi Malliwal, Partner, on 0207 264 4407 or email rishim@sghlaw.com:

This note is intended to provide general information about recent and anticipated developments. It is not intended to be comprehensive or to provide specific legal advice and is not a substitute for such advice. Professional advice should be obtained in individual situations.

David Sprecher Partner, Head of Company / Commercial Department 020 7264 4404 davids@sghlaw.com

Emma Shipp Partner, Company / Commercial Department 020 7264 4406 emmas@sghlaw.com

Alok Gangola Partner 020 7264 4405 alokg@sghlaw.com