Endless acquires BSW Timber Limited

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21/02/2020

Walker Morris team reinforces private equity expertise

Lawyers at Walker Morris have advised Endless LLP, one of the UK’s leading mid-market private equity investors, on their latest major acquisition of the £350m-turnover forestry and sawmilling business, BSW Timber Limited and all its associated subsidiaries.

BSW is the UK’s largest integrated forestry and sawmilling business and employs over 1,200 people. Headquartered in Scotland it operates seven sawmills across the UK and one in Latvia. Over the past decade, BSW has invested over £125 million into its operations whilst significantly expanding the business and integrating its supply chain through acquisitions of Tilhill Forestry, Alvic Plastics and, most recently, Maelor Forest Nurseries.

The acquisition marks the most recent partnership between Endless and Walker Morris having previously worked together on a number of other investments including Endless’ acquisition of Menzies Distribution Limited.

Walker Morris fielded a multi-disciplinary team led by Debbie Jackson (Corporate, partner), Peter Considine (Finance, partner) and Thomas Mieszkowski (Corporate, director).

Speaking on the acquisition, Aidan Robson, partner at Endless said:

We are delighted to have acquired BSW, a business with strong heritage, fantastic prospects and one that we believe has a very exciting future. As the UK’s largest timber producer, BSW plays a critical role in supporting the UK’s commitment to using more local and sustainable raw materials and becoming carbon neutral by 2050. 

We look forward to working closely with Tony Hackney, Alan Milne and the rest of the BSW team to deliver continued organic growth and further diversification through investment and acquisition.

Debbie Jackson added:

“Endless is a long-standing Walker Morris client and our partnership with Endless is a testament to our ability to build successful relationships whilst delivering on our client’s ambitious growth plans. This latest acquisition will provide Endless with a great opportunity to invest and build on a successful business through a new era of growth and development.”

The Corporate Team at Walker Morris is consistently recognised as one of the most active teams in the region. The team was ranked in Band 1 and Tier 1 by leading independent legal guides, Chambers and Legal 500 respectively and also listed as a National Leader outside of London.

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