The Bristol office of financial and professional services group Smith & Williamson has advised on the sale of Maxi ReadyMix to Aggregate Industries.
Founded by the Abraham family in 2014, Leicester-based Maxi ReadyMix has quickly established a reputation as a leading regional ready mixed concrete supplier, blending high-quality service and product with unrivalled experience in production and distribution.
Aggregate Industries is a member of the LafargeHolcim Group, a global firm focusing on building materials and solutions employing around 75,000 people in around 80 countries.
The acquisition complements the existing activities of Aggregate Industries and supports its ambition of remaining the supplier of choice for its customers.
Jim Abraham, director of Maxi ReadyMix, said: “The success of Maxi has been built around the principles of quality and first-class service and it was important to us that our advisers shared this ethos.
“I’m delighted with everything the Smith & Williamson team have done. They came recommended and at every stage their advice has been first-rate.”
The Smith & Williamson team was led by partners Matthew Pearson and Martyn Fraser.
Matthew Pearson said: “Maxi is already an extremely impressive business and so we were delighted to be asked to assist in the next stage of its journey.
“This project has been about finding a partner to help accelerate its development and I am sure under the ownership of Aggregate Industries it will continue to thrive.”
Legal advice to the shareholders was provided by Mark Goodman of GS Solicitors Limited.