Deal typePrivate Equity & Transaction Services
IndustryManufacturing & Natural resources & Energy
Sub-industryBuilding products & Engineering & Renewables & power
Client name The Leah Jones Group Limited
BDO has provided vendor financial and tax due diligence on the sale of GenAir UK Limited to STAR Capital.
Based in the Midlands and operating nationally, GenAir is the UK’s largest specialist compressed air system rental company. Operating a fleet of over 800 compressors and ancillaries, these assets are utilised across a number of end sectors including aerospace, refineries, repair and maintenance activities at manufacturing / industrial sites and utilities, transport and infrastructure.
A key area of focus for the business is investing in zero / low emission fleet which meet or exceed low emission zone limits (such as ULEZ) encompassing electric, hybrid and low emission diesel compressors.
Star Capital is a PE firm focused on building and developing businesses around strategic assets in Western Europe, with approximately 30 platforms and c$2bn revenue across its portfolio.
The BDO project team included:
Financial due diligence: Dougal Baxter, Andrew Sproule, Theo Chauhan-Jenkins, Rajat Handa and Manvir Thandi
Tax due diligence: Steve Round, Susan Cameron
Based in the Midlands and operating nationally, GenAir is the UK’s largest specialist compressed air system rental company. Operating a fleet of over 800 compressors and ancillaries, these assets are utilised across a number of end sectors including aerospace, refineries, repair and maintenance activities at manufacturing / industrial sites and utilities, transport and infrastructure.
A key area of focus for the business is investing in zero / low emission fleet which meet or exceed low emission zone limits (such as ULEZ) encompassing electric, hybrid and low emission diesel compressors.
Star Capital is a PE firm focused on building and developing businesses around strategic assets in Western Europe, with approximately 30 platforms and c$2bn revenue across its portfolio.
"The BDO Transaction Services team were integral to the success of the transaction. Their sector expertise and collaboration with other advisors ensured a seamless and high-quality process. Their use of data analytics in analysing the commercial and financial aspects of our asset fleet was both thorough and insightful and clearly highlighted the key value drivers of our business.
We would recommend BDO’s services to anyone embarking on a deal process."
David Timmins |Co-founder | GenAir UK Limited
The BDO project team included:
Financial due diligence: Dougal Baxter, Andrew Sproule, Theo Chauhan-Jenkins, Rajat Handa and Manvir Thandi
Tax due diligence: Steve Round, Susan Cameron