Campbell Dallas have worked closely with long-standing client, Fleet Alliance, a vehicle leasing company, as they acquired Neva Consultants.
The Glasgow based company has now completed its first major acquisition in a seven-figure deal giving them a controlling stake in Neva Consultants, an Essex based fleet management firm. Having worked together for the last 10 years, sharing the same IT platform and back-office systems, the two companies also share the same cultural values and business outlook.
The Campbell Dallas team worked with Fleet Alliance, to advise on pre and post transactional areas. Specifically performing a financial and tax due diligence process within a short timeframe and determining the optimal group and deal structure.
Martin Brown, MD of Fleet Alliance said, “The Campbell Dallas business advisory, tax consulting and corporate finance teams have done an excellent job assisting us in acquiring a controlling interest in Neva Consultants. They worked together as a team to provide us with all-round, commercial advice in relation to significant issues for Fleet Alliance in preparation of the transaction, and in relation to financial and operational aspects post transaction.”
Fleet Alliance now stand to increase turnover by a third, to £10 million with a UK presence and staff numbers increasing to around 100.
Martin continued, “The Campbell Dallas Corporate Finance team proved themselves to be both clever and commercial throughout, providing pragmatic solutions and focusing on the key issues important to Fleet Alliance. Their good working relationship with parties on both sides of the transaction assisted in its speedy completion.”