LPW GROUP - Second acquisition in six months
Second deal in six months for LPW Group with the acquisition of Pureclean Car Care
Alinea Corporate Finance has advised vehicle cleaning specialist LPW Group on their second acquisition in six months as they welcome Pureclean Car Care on board, the largest commercial valeting business in the North East of England.
“Yet again the Alinea team have delivered beyond our expectations, not only originating this deal for us but completing it so promptly. We continue to work closely with Alinea who have truly become a key partner to the LPW Group in our accelerated period of growth” Laurie Moon, CEO LPW Group
This development comes only five months after the group’s previous acquisition of Wilson Contract Services in February, accentuating the group’s ambitious and continuous growth plans.
Pureclean are a regional market-leader, specialising in providing high-quality car valeting and commercial cleaning services to a variety of clients including car dealerships and major blue chip brands.
Founded in 2008 by Paul Iley, Pureclean has enjoyed exceptional growth year on year. This strategic acquisition will not only help to build on this trend, but will also expand on existing regional relationships with the help of LPW Group’s national presence.
With over 45 years of industry experience, LPW Group are the UK’s market-leader in fleet cleaning and truck wash services. The acquisition adds to an impressive existing brand portfolio, including LPW Tankwash, LPW Truckwash, Mobile Fleetwash, LPW Fleetcare, LPW Fleetsales, Carlyle Bus and Coach, and Wilson Contract Services.
Laurie Moon, CEO of LPW, says: “We are delighted to welcome Paul and the Pureclean team into the LPW Group. Pureclean have 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.”
Paul Iley of Pureclean comments: “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 Williams Ali Corporate Finance LLP and Craig Hart from Accountancy Services Limited who acted for Paul Iley.