Staffordshire-based Abnormal Load Engineering Ltd (ALE), which offers a world-wide service in the transportation, handling and installation of heavy loads, has doubled its size through the acquisition of Brambles Heavy Contracting (BHC) – the third biggest player in the heavy load engineering sector.
The Nottingham office of corporate finance house Clearwater Corporate Finance acted as lead advisors on the deal, which opens up major overseas expansion opportunities for the combined group. The Clearwater team was led by Partner Paul Newell and supported by Manager Adrian Jones. Legal advisors to ALE was Knight & Sons in Newcastle-under-Lyme and funding was provided by Barclays Bank.
Brambles Industries is a major Australian-owned global support services group, which includes the world-renowned pallet operation known as CHEP. Brambles divested BHC as it was regarded as non-core to their group strategy.
Commenting on the deal Paul Newell said: “The acquisition by ALE of BHC is an important strategic move securing their position as the number two player in the world, opening up new geographic markets and bringing synergistic benefits.”
Whilst ALE has built up operations in the UK, United States, Taiwan and the Middle East, BHC has been active not only in the United Kingdom and the United States, but also in Holland, Spain and Malaysia.
ALE is a family owned business founded by Roger Harries and the managing director is Mark Harris.