10 Jan 2007 | 06:08 am | 1 min. read
International law firm Pinsent Masons has advised Speedy Hire, the number one provider of equipment hire services in the UK, on the acquisition of the tool and equipment hire business of AMEC Logistics and Support Services Limited ('LSS').
LSS is AMEC's single point of supply for the provision of hire assets including tools, lifting equipment, general plant, temporary accommodation units and survey equipment. LSS operates from 10 UK depots and employs approximately 250 full time employees.
The purchase price will be £12.5 million with completion expected to take place on 1 February 2008.
Speedy Hire will continue to supply AMEC's industrial division under a four year supply agreement and also other UK AMEC divisions with hire equipment following completion.
The Pinsent Masons team advising Speedy Hire was led by Corporate Partner Andrew Black assisted by Emma Dearman with Richard Parkinson advising on the continuing supply arrangement.
Pinsent Masons is an international law firm with over 270 partners and over 1000 lawyers world-wide, providing a full range of corporate and commercial services. The firm ranks amongst the top 100 global law firms.
With head-quarters in the City of London, Pinsent Masons' operation spans the UK, Continental Europe, the Middle-East and Asia Pacific. In the UK, the firm also has offices in Birmingham, Leeds, Manchester, Edinburgh, Glasgow and Bristol. Internationally, Pinsent Masons is based in Shanghai, Beijing, Hong Kong, and Dubai. Through the Pinsent Masons Luther Group (PMLG), the firm is allied to independent law firms in Germany, France, Austria, Hungary and the Baltic States.
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Multinational law firm Pinsent Masons has advised two subsidiaries of Arch Re – Southern Rock Insurance Company Limited (Southern Rock) and Alwyn Insurance Company Limited (Alwyn) – on the successful completion of an insurance business transfer under Part VII of the Financial Services and Markets Act 2000.
Multinational law firm Pinsent Masons has advised Southeast Asia-based clean energy developer Alba Renewables on its acquisition by a leading global investment firm.
Multinational law firm Pinsent Masons has advised the Aviva Group on the successful High Court-sanctioned transfer of the entire insurance business of Aviva Protection UK Limited (formerly AIG Life) to Aviva Life & Pensions UK Limited, under a Part VII insurance business transfer scheme.
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