Andrew Jackson advises Doncaster-based 8point8 on sale to Mitie

Andrew Jackson advises Doncaster-based 8point8 on sale to Mitie

Andrew Jackson Solicitors and a corporate finance team from Azets have assisted the shareholders of 8point8 Group, a provider of design and construction services, on its sale to Mitie Group for £10 million.

Under the terms of the deal, Mitie has acquired Doncaster-based 8point8 Support, which predominantly deals with mobile telecoms tower infrastructure, along with associated businesses 8point8 Training and Vantage Solutions. 

According to Yorkshire law firm Andrew Jackson, the acquisition is part of facilities management company Mitie’s strategy to build a telecoms support services company that can meet demands for 5G technology, network upgrades and infrastructure investment.

As part of the acquisition, the management of 8point8 will join Mitie Telecom. Sam Storer, managing director of the acquired company, will be become chief commercial officer of Mitie Telecoms.

The shareholders of 8Point8 Support, 8Point8 Training and Vantage Solutions were advised by a team from Andrew Jackson comprising Philip Ashworth and Nicole Waldron (corporate), Fiona Phillips (tax), Juliette Fisher (property) and Nick Wilson (employment).

A Yorkshire-based Azets corporate finance team consisting of Tony Farmer, Stephen Garbett and Becky Maguire (tax) also advised the shareholders.

Storer, one of the selling shareholders, commented: “We are very grateful to Philip, Tony and their respective teams at Andrew Jackson and Azets for all of the support and hard work they have put in over the last three months to get this deal over the line. Their professionalism and good humour throughout the process made the deal more human for us all.” 

Ashworth (pictured), a corporate partner at Andrew Jackson, said: “I am delighted that Sam and his colleagues managed to exit their businesses in such a successful way to Mitie PLC; I wish Sam and his colleagues all the best for the future under their new ownerships as part of the Mitie Group.” 

Garbett, a corporate finance director at Azets, added: “This has been an exciting and challenging deal which provides a strong strategic fit for Mitie. As part of the Mitie Group, 8Point8 can flourish and capitalise on the opportunities in the telecoms sector and 5g infrastructure rollout.” 

Image: Andrew Jackson Solicitors
Categories: Business Development, News

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Mark Dugdale

Mark is the Editor of Yorkshire Legal. Mark welcomes articles, letters or feedback from readers and can be reached by emailing mark.dugdale@barkerbrooks.co.uk