16th November 2020
Private equity lawyers at Walker Morris have advised Endless portfolio company, BSW Timber – the UK’s largest integrated forestry and sawmilling business, on its acquisition of Dick Brothers Forestry Limited.
Dick Brothers is the largest timber harvesting company in the UK with annual sales of £10 million.
Established over 25 years ago the business boasts state-of-the-art forestry equipment and market leading capabilities to harvest some of the largest and most complex forests in the UK.
Dick Brothers represents a cornerstone acquisition for BSW Timber, strengthening its vertical integration of the timber supply chain and securing in-house harvesting capabilities for its forestry and harvesting management division Tilhill.
Walker Morris fielded a specialist team led by Debbie Jackson (Partner) and Thomas Mieszkowski (Director) both from the Corporate Private Equity Team. They were supported by Peter Considine (Banking), Jeremy Moore (Real Estate), Lee Crook (Commercial), Andrew Rayment (Employment), Andrew Northage and Claire Burrows (Regulatory), Alan Harper (Intellectual Property) and Liz Graham (Pensions).
Tony Hackney, CEO of BSW, said:
“This is fantastic news for BSW. Dick Brothers is a business with strong heritage, fantastic prospects and one that we believe will bring huge value to BSW. Whilst operations at Dick Brothers and BSW will remain largely the same, there will be a number of areas for our businesses to support each other and we look forward to working with the Dick family to grow the business as part of the wider BSW Group.”
Aidan Robson, Partner at Endless LLP, added:
“We are delighted to be supporting BSW with its acquisition of Dick Brothers and we hope this is the first of many acquisitions BSW will be undertaking over the coming years. Through our ownership of BSW, and now Dick Brothers, we are committed to developing and growing UK Forestry as a whole and the environmental and economic benefits this will bring.”