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Higgs & Sons advises on gem of a deal

12th July 2018

Higgs & Sons advises on gem of a deal

Red Diamond Distribution Ltd, the UK’s sole importer of Mitsubishi forklift trucks, has acquired Bristol Forklifts Ltd for an undisclosed sum.

Specialist advice was provided to the buyers by a team from Higgs & Sons, led by Corporate Partner Geoff Kettle with support from Commercial Property Partner Sara Shepherd.

Geoff said: “We were delighted to continue to support Red Diamond Distribution, a long time client of ours, on this exciting acquisition by helping to negotiate the terms of the sale.

“Red Diamond and Bristol Forklifts have worked together closely over the years and have a good relationship. As a well-respected and longstanding Mitsubishi Dealer, Bristol Forklifts is a natural fit for the business and this deal will enhance and strengthen the current customer offering.”

Red Diamond, based on Westgate Industrial Estate in Aldridge, Walsall, was founded in 2013 by directors Mike Jones, Geoff Martin and Rachel Martin. It is the UK’s only importer of Mitsubishi forklift trucks, which are distributed to all sectors of industry via 18 independent dealers strategically located throughout the UK.

Royds Withy King provided legal advice to Bristol Forklifts

Higgs & Sons’ astute Corporate team offers pragmatic and commercially focussed advice to a range of organisations from start-ups through to multi-million pound national companies.

 

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