15th September 2021
GS Verde Team Works On Santia Deal
Corporate finance advisory business the GS Verde Group advised Cardiff-headquartered asbestos inspection and testing company Santia on its acquisition by Marlowe for £4.5m.
Santia provides asbestos and construction design management services to its customers across a range of sectors, the management team has been in the industry for about 60 years, with the business employing 120 staff.
Private shareholders Craig Jones, Liam McLoughlin and Alexis Vranch wanted to develop and grow Santia to the advantage of all stakeholders, particularly its customers and employees. The business has built a strong reputation since it was bought in a management buyout in 2018.
Managing director Craig Jones said: “We were delighted that Marlowe PLC expressed an interest in Santia. The last 18 months have been incredibly challenging for many of our employees, customers and suppliers, and providing long term security to our valued staff was at the forefront of our decision-making process.”
Cenkos Securities is Marlowe’s nominated adviser and joint broker. Santia was advised by corporate finance advisory business, the GS Verde Group.
Leanne Thomas, GS Verde director, said: “As a long-standing client of the group, it is always a pleasure to work with the management team, and we wish all parties the very best for the future.”