Xeinadin advises on Scott Combustion sale
The advisors for the Scott Combustion shareholders on this transaction were Paul Whitney and Nathan Clark from Xeinadin Corporate Finance
Xeinadin’s corporate finance team has successfully advised the shareholders on the sale of Scott Combustion to Mecsia.
Scott Combustion, established in 1983, is one of the oldest Corgi/Gas Safe registered companies in the UK.
With established locations in East Grinstead (South) and Manchester (North), Scott Combustion’s integration will bolster Mecsia’s national network.
The advisors for the Scott Combustion shareholders on this transaction were Paul Whitney and Nathan Clark from Xeinadin Corporate Finance.
Paul Whitney, Xeinadin corporate finance director, said: “We are delighted to have facilitated the sale of Scott Combustion to Mecsia. Using our extensive industry knowledge, we pinpointed Mecsia as a perfect strategic fit for Scott Combustion. Having advised the vendors throughout the process, we are thrilled that their aspirations for the company’s legacy and future growth have been achieved.”
Darren Morse, UK operations director of Scott Combustion, added: “We at Scott Combustion are delighted to join the Mecsia group of companies. With over 40 years of operating in the HVAC industry, we believe our commitment to quality and customer-focused technical service aligns well with Mecsia’s philosophy. We greatly look forward to working with the excellent senior management team at Mecsia to further develop the business.”
This latest transaction highlights a strong year for Xeinadin in the market led by Paul Whitney, Steven Lindsay, and Keith McDonagh.
This includes the sale of IT Telemarketing Services (ITTS) to Agent3, EcoSpeed’s sale to CitySprint, the sale of Julian Wadden & Company to Thornely Groves, and the employee ownership trust buy-outs of both Hardscape Group and Creed Communications.
