HannawayCA is delighted to have advised Balcas, one of Northern Ireland’s leading manufacturing companies, on its acquisition of wood pellet distributor Forever Fuels.
Brian Murphy, CEO of Balcas commented “HannawayCA gave us great support in this transaction, helping us analyse and secure a good deal for all the parties. They were able to advise us on all the tax, corporate finance, accounting and structuring issues”. He added “I would also like to thank Rhys Jones and his legal team at Johnsons.”
Balcas is one of Britain and Ireland’s largest wood product suppliers, with a turnover of more than £100 Million. It has some 360 direct employees; an additional 300 people are engaged in forest management, harvesting, and haulage. Balcas’s focus on sustainability and renewable energy contributes to CO2 reductions of more that 400,000 tonnes annually, and all of Balcas products come from the outputs of our sustainably managed forests.
Together, Balcas and Forever Fuels will create a market leader across Great Britain, with a true national footprint and its own fleet of more than 30 specialist lorries.
Our corporate finance team specialises in:
•Acquisitions, valuations, due diligence
•Private Equity, Management Buy Outs & Capital raising
and can provide all the tax, accounting and financial advice you need to support your transaction.