Financial Adviser to the purchaser:

Legal Adviser to the purchaser:


Funding received from:

Andrew Hall, Managing Director of Acorn Foundation Engineering Limited successfully acquired the Company, in a transaction advised by Jackson Stephen Chartered Accountants, with additional funding provided by Enterprise Ventures and The Royal Bank of Scotland.

The Leigh based business is a specialist contractor to the construction industry, with operations including underpinning of properties suffering from subsidence, along with new foundations for domestic and commercial properties. Customers include many of the national and regional house builders as well as smaller contractors.

A subsidiary of the family owned Acorn Building Services Limited, the business was originally set up eleven years ago by Andrew, and has since grown to a turnover of circa GBP 7m and now employs over forty people across the North of England, with a satellite office in Mirfield, West Yorkshire.

Jeff Barber Corporate Finance Partner at Jackson Stephen comments “We are delighted to have advised Andrew Hall in successfully completing the acquisition of the division. This is a company that has already demonstrated fantastic growth under his leadership and with new additional financial and managerial support is set to become a major force in the industry. Jackson Stephen are now looking forward to a long ongoing relationship with the company through the provisions of financial, tax, accounting and strategic corporate finance advice”.

Andrew Hall, Managing Director at Acorn Foundation Engineering says "I am delighted with the completion of the Management Buy Out which will enable me and my team to implement our plans for future successful growth.”

Paul Taberner, Enterprise Venture’s Investment Director, says of the investment "We have been impressed with Andrew who has built a very strong business over the last eleven years and we are convinced that it will thrive under his ownership. We welcomed the opportunity to support this MBO and look forward to helping Andrew deliver his growth plans for the business. “

Debt funding was led by Stuart Watson, Director at RBS, Structured Debt Solutions in Manchester and included asset finance, invoice discounting and senior debt. Stuart comments "We are delighted to have provided the debt facility to support the Management Buy-Out and we wish them every success."