BDO has advised the shareholders on the sale of Jet Aire to Adler & Allan, backed by Sun Capital Partners, Inc.
Jet Aire Services is a leading UK drainage service provider in the North of England with over 170 employees and a broad range of services including drain and sewer clearing and cleaning, CCTV surveys, remedials, patch and specialist linings, waste removal and tankering. These services enable key infrastructure to continue to work efficiently.
Adler & Allen are environmental risk reduction specialists. The acquisition further expands Adler & Allan’s already broad range of specialist environmental services.
BDO M&A worked with the management and shareholder team to bring the business to market, identify a strong pool of buyers covering both PE & trade, and managed a tight process to a successful outcome for all stakeholders involved.
"I cannot thank BDO enough for their excellent advice and support throughout the process. They took a great deal of time to understand the business and the sector, which was invaluable in helping us to achieve our goals. They were very much “hands on”, working closely with ourselves and the legal team and ensured the deal ran smoothly."
Charlie Kirk, Chairman, Jet Aire (DC) Limited
“We are delighted to have advised the shareholders of Jet Aire on the sale of the business. The business has seen significant growth over recent years and established itself as a key player in this market. Adler & Allan, with its focus on environmental risk management, provides an ideal home for Jet Aire and will help facilitate further investment and growth."
Jason Whitworth, Partner, BDO