TLT has advised the shareholders of the UK’s largest surface repair specialists, Plastic Surgeon, on its acquisition by global expert in property damage control, Polygon Group.
Devon-headquartered Plastic Surgeon provides high quality, long-lasting repairs to any hard surface for a range of industries including house build, construction, insurance and facilities management.
Polygon Group is the European market leader in property damage restoration, with services to prevent, control and mitigate the effects of water, fire and climate. It is wholly owned by Triton, a Scandinavian private equity firm, and operates in 14 countries worldwide.
The sale saw TLT advise UK investors Mobeus and Crosswater, as well as Plastic Surgeon’s management team on the end-to-end transaction.
TLT has been supporting Plastic Surgeon’s growth journey for over ten years, originally guiding the business on the 2008 management buyout supported by Mobeus. The firm has also worked with the management team as the group has expanded into new markets and invested in new technology.
The team was led by partner Andrew Webber with support from solicitor Luke Thorngate-Davies and trainee solicitor Oliver Adams-Liggins in the corporate team, employment partner Esther Smith, corporate tax legal director Mark Braude and pensions and incentives associate Lizzie Stone.
Rob Mouser, Plastic Surgeon CEO, said: “Andrew and the TLT team being involved throughout helped us to develop our succession plan and prepare for, and execute, a deal for our investors, our team and which fits with our future goals for the business.
“Having worked with TLT over the years we were confident from the start we were in a safe pair of hands. We trust them for their consistent high quality advice, their understanding of our business, always having our objectives in mind and putting us first. We would not have been able to navigate the challenges of the last ten years and grow as a business to where we are today without their support.”
Andrew Webber, partner at TLT, commented: “It was great to work with Rob and the management team at Plastic Surgeon once again. Having supported them through their impressive growth and evolution of the business, it is a privilege to have been involved as they now move onto a worldwide, strategic new owner.
“The deal represents yet another international acquisition of a leading South West business that our specialists have worked on, which have all followed in quick succession this past year. The market shows no signs of slowing down and we look forward to continuing to support and scale up businesses for international success.”