Benchmark International Advises On The Sale Of Oakwood Technology Group Limited To Thermotech Solutions Limited
Benchmark International is pleased to have advised on an agreed deal for the sale of Oakwood Technology Group Limited to Thermotech Solutions Limited.
Established in 1976 by Jon Holmes, Oakwood is one of the UK’s longest established air conditioning and building services contractors. Initially selling full computer room packages, the company moved into comfort air conditioning when the computer room market subsided in the 1980’s. This was a move that led the company into the air conditioning and building services contracting market they are in today. From the initial consultation through to completion, Oakwood work as a team, drawing on a range of expertise from within the company. Teamwork is in their DNA and it is something they demonstrate on a regular basis when working with clients and their partners.
Thermotech, pride themselves on their high levels of quality and customer satisfaction. Their businesses have been assessed against internationally-recognised standards by independent awarding bodies and auditors, providing assurance to clients, suppliers and partners that they are industry leaders when it comes to competence and performance capability for mechanical services and fire protection.
Chief executive of Thermotech, Bill Squires said: “We are delighted to welcome the whole Oakwood team to Thermotech. Their operations add significant capabilities and scale to our existing fire protection and mechanical services businesses.
“Our combined turnover is now heading towards £20m. Jon and Charles have built strong, long-term relationships with impressive clients and we look forward to the benefit they will bring to our combined growth.”
Jon Holmes, managing director of Oakwood also stated: We are excited to be working with the team at Thermotech. We are pleased to join an organisation with similar culture and values that shares our passion for service excellence.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.