The Quercus team, led by Adrian Dray and Neil Giles, advised the Board of Camp Hopson & Co Limited (“Camp Hopson”) on the sale of Camp Hopson Removals Limited to London-based removals group, Ward Thomas, for an undisclosed sum.
Camp Hopson is a 5th generation family business that has been in the heart of Newbury for over 100 years. This is our second transaction for the Group in two years as we successfully sold their retail operations in November 2014.
Following this sale and a strategic review undertaken by the Board, the decision was taken that it was in the best interests of both the shareholders and employees to sell Camp Hopson Removals to an organisation that had the expertise, experience and track record to fully exploit the opportunities available to the business.
Adrian Dray, Founding Partner of Quercus said: “This is an excellent deal not just for Camp Hopson, but also for the staff and management of Camp Hopson Removals. We have sourced a partner in Ward Thomas who understands the removals market and has a successful track record of acquiring family owned businesses, investing in them and leveraging their USPs. We are delighted to have been lead adviser on this transaction.”
Jonathan Hopson, Director of Camp Hopson added: “We are delighted that we appointed Quercus Corporate Finance as our adviser. Their understanding of how best to present our business secured us a first class price and also made sure there were no surprises for us or Ward Thomas. This made a significant difference to the outcome. As with all transactions there were some complexities, however Quercus’s ability to find solutions and to bring parties together in a non-adversarial way to find solutions is very impressive.”