Both companies are established players within the utility market, this acquisition will support Lanes Group’s ambitions for expansion across the UK.
Lanes Group, a UK company providing services for utility for Local government, transportation, rail, domestic sectors, telecoms and construction. Lanes Group were supported in the acquisition by Pearson Legal as well as RSM.
Clear-flow provides drainage services across the south West of England. They provide various services including tinkering, CCTV drainage and more to commercial customers including South West Water
The planning, preparation and competitive sales process for Clear-flow was run by PKF Francis Clark. The transaction was led by Andrew Killick and supported by Dave Armstrong and Brad Anderson.
PKF Francis Clark identified Lanes as an ideal purchaser due to the synergistic benefits for both parties and their customers. PKF negotiated all commercial aspects of the transaction and fully supported the EV to EQ negotiations through to completion.
