Vehicle cleaning specialist LPW Group has completed its second acquisition in six months after taking on one of the largest commercial valeting businesses in the North East.
Founded in 2008 by Paul Iley, Pureclean Car Care has enjoyed strong growth year-on-year. It specialises in providing valeting and commercial cleaning services to a variety of clients, including dealerships and blue chip brands.
LPW Group will add the company to its portfolio, which includes the likes of LPW Tankwash, LPW Truckwash, Mobile Fleetwash, LPW Fleetcare, LPW Fleetsales, Carlyle Limited and Wilson Contract Services.
Laurie Moon, chief executive of LPW, said: “Pureclean has an unrivalled reputation in the North East, which I am looking forward to see grow across the UK. Together, we are very excited to explore the opportunities allowed by our joint forces.”
Iley added: “I am incredibly proud of Pureclean’s success since its formation 13 years ago, and have no doubt that this will continue and accelerate as we join the LPW Group.
“It was important to us to join a group with such ambitious growth plans, while maintaining a strong family culture at the heart of the business. I look forward to working with Laurie and the LPW team to grow Pureclean and contribute to the group’s success.”
Working on the transaction was Simon Lloydbottom and Oliver Wadlow from Alinea Corporate Finance, with legal advice from Tom Sutcliffe of Beswicks Legal along with Abu Ali from WilliamsAli Corporate Finance and Craig Hart from Craig Hart Accountancy Services Limited who acted for Paul Iley.
Article source: Insider Media