The UK’s largest unbiased distributor of swimming pool and spa elements and equipment has been bought to Pollet Pool Group.
Barnstaple-based Golden Coast turns into a part of the worldwide group after 45 years as an unbiased distributor to the moist leisure trade within the UK however will proceed to commerce below its personal model.
Headquartered in Belgium, Pollet Pool Group consists of 9 distribution firms and two producers.
It’s a part of the Pollet Group, which has places of work in 17 international locations and is lively in three markets: water remedy, swimming swimming pools and the medical trade. Each Golden Coast and the Pollet Group are second-generation family-run companies.
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Managing director Jamie Adams and his brothers Shaun and Dominic stay within the enterprise to make sure continuity of administration throughout Golden Coast’s integration into Pollet Pool Group.
A group at PKF Francis Clark, Andy Killick, Matt Willmott and Chris Bishop, suggested the shareholders of A M Holdings Ltd, guardian firm of Golden Coast, by all phases of the sale course of, from pre-sale preparation, deal technique and negotiation, as lead advisor.
Chris Bishop, company finance affiliate director, mentioned: “We’re delighted to have secured the appropriate deal for our purchasers. It’s at all times rewarding serving to enterprise house owners to realize their targets, and this constructive end result allows Jamie, Shaun, Dominic and the broader household to stay up for the following chapter of their lives figuring out the enterprise they’ve labored onerous to develop is in protected arms.
“Golden Coast is a superb strategic acquisition for Pollet Group, permitting it to develop its operations within the sturdy UK moist leisure market, alongside its current enterprise, PPG UK/Eire. The 2 companies share an analogous household ethos, so it was clear from early on that culturally they’re a superb match.”
Machins Solicitors offered authorized recommendation for Golden Coast. Pollet Pool Group was suggested by James Kowper Kreston (monetary due diligence) and Shakespeare Martineau (authorized).
Jamie Adams, managing director of Golden Coast, mentioned: “Getting the deal over the road has been a life-changing occasion for my prolonged household and me – one thing that will simply not have been doable with out the wonderful work of the groups at PKF Francis Clark and Machins.”
He added: “It is a dynamic transfer to help future development. Being a part of a powerful worldwide group permits us to develop and develop each firms, PPG UK/Eire and Golden Coast.”
