Walker Morris has advised Fulcrum Utility Services Limited, the UK’s market leading independent multi‐utility infrastructure and services provider, on its acquisition of CDS Pipe Services Limited for a total consideration of £1.4m.
CDS is a utility business that provides a range of specialised engineering services. Fulcrum has previously subcontracted such specialist elements of its projects to CDS and this acquisition brings these engineering capabilities in-house to further strengthen the Company’s direct delivery capabilities.
The consideration will be satisfied through a mix of cash and 671,142 new ordinary shares in Fulcrum issued to the vendors of CDS.
Walker Morris fielded a multidisciplinary team to provide comprehensive specialist advice. The Team comprised: Richard Naish, Ed Brown, Luke Riley (Corporate), Sarah Bruce (Tax), Andrew Rayment and Lorna Hopps (Employment), Andrew Maclean (Real Estate), Charlotte Wright and Anusha Price (Commercial), Craig Looker (Pensions), Rachel Turnbull (Regulatory & Compliance) and Alan Harper (Intellectual Property).