Sale of Aaron Services Ltd to Lakehouse Plc for up to £10M

BDO.LiveSite.Deals.IndustryBusiness Services

BDO successfully advised on the sale of Aaron Heating Services Ltd to Lakehouse Plc. Aaron Services Ltd is a long established company founded in 1985 by Dawn Wright and her husband Allan; who had brought over 40 years engineering experience to the company in his role as Chief Executive Officer.        

The company had grown steadily over time and completed an annual installation rate of around 1500 new heating systems every year whilst servicing and maintaining approximately 100,000 individual homes throughout East Anglia and the Midlands.BDO acted as advisor to Aaron heating Services Ltd.   

“We're thrilled to be joining Lakehouse, which will allow us to build on a successful period of strong and consistent growth. Combining our specialist skills with the Group's experience and client base means we are in the best position to bolster our presence in the compliance market, strengthening our existing relationships and extending our high levels of customer service across a widened geographical reach.”

 "We have been greatly appreciative of the guidance and expertise Keith Ferguson and team at BDO have provided throughout this transaction."    

David Lummis, Managing Director of Aaron Heating Services Ltd