BORDERLAND FENCING LTD
SECTOR: CONSTRUCTION & RETAIL
COMPLETED: NOVEMBER 2022
Fiander Tovell advised the shareholder of Hampshire-based Borderland Fencing on the sale of their company to the management team.
Established in 1993 by Mike Jarvis, Borderland Fencing is one of the South’s leading fencing suppliers specialising in both the commercial and residential areas.
Working with the majority of the leading house builders and developers, Borderland supply and fit all types of fencing from close board right through to security fences. On the residential side, Borderland offer two extensive well well-stocked fencing centres with show areas, offering a broad range of fencing, including materials and landscaping supplies.
Having founded and grown the business for nearly 30 years, Mike will remain in the business during the transition to the management team, who will continue to take the business forward.
The team was led by a team of professional advisers: Philip Mettam, Director and Prabin Sunar, Manager at Meridian Corporate Finance, Lucy Gleisner, Partner at Trethowans and Adam Buse, Client Director at Fiander Tovell.
Mike Jarvis, exiting shareholder of Borderland Fencing commented: Meridian’s advice and support proved invaluable in getting our MBO across the line. From our first meeting, they worked very hard to understand our business and provide the appropriate advice and worked closely alongside our existing accountants and new legal advisors. They project managed the deal through to completion providing the best possible outcome for myself, the management team and the business going forward.”
Lucy Gleisner, Partner at Trethowans commented: “I met Mike Jarvis last year and it was therefore great to finally work with him. Borderland is a well-known local company and therefore it was a pleasure to support this regional MBO. I have every confidence that the management team’s enthusiasm and skill will ensure the company’s ongoing success.”
Adam Buse, Client Director at Fiander Tovell commented: “It was amazing to work on this exciting project with a great client and a team of dynamic and focused professional partners. It is a testament to all parties that the process felt so smooth. The best part being that the solution provided to the client is going to help them deliver their strategic aims and safeguard the future of the business.”
Philip Mettam commented: “We were introduced to the team at Borderland to provide a new perspective after an unsuccessful process run by another advisor. It was a pleasure working alongside the team to find a solution for them in conjunction with their existing advisors. The deal included a number of complexities including the restructure of the group and properties, which we worked with existing bankers NatWest to complete. We wish the team all the best with the continued growth of the business in the coming years and look forward to working with them again.”