Owner-managed business specialists, Consilium Chartered Accountants have provided lead and tax advisory services to the shareholders of Lothian Building Supplies as JW Grant Group acquires the Scottish firm. Continuing a long-standing business relationship, Lothian retained John Blair and Craig Coyle of Consilium as lead advisors in the transaction.
Lothian Building Supplies are well-established in the Scottish market as a supplier of timber, roofing, insulation, building and landscaping materials to both trade and the public. The acquisition will see JW Grant integrate Lothian into its portfolio of builders’ merchants across Scotland.
Martin Finlayson, Managing Director of Lothian Building Supplies said: “Consilium have been our accountants for many years and our strong working relationship with them has been key to Lothian Building Supplies’ success. It, therefore, made perfect sense to appoint Consilium to act on our behalf.”
“Selling a business brings significant stress, and John and the team were brilliant at being a calming influence. We could not think of a safer pair of hands.”
The deal continues a successful first half of 2023 for Consilium. The Glasgow-based firm has provided lead advisory, tax advisory and financial due diligence services to shareholders and investors across multiple disposals and investments. This includes multi-million-pound investments in The Electric Heating Company and Firefish Software.
Consilium Corporate Finance partner John Blair said: “Having supported Martin, Phil Martin (Finance Director) and the team to build Lothian as a business, it is hugely satisfying to see their dedication rewarded. The acquisition by JW Grant will act as a catalyst for further growth.”
About Consilium:
- Since its inception in 2013, Consilium has grown to a team of 50 led by partners John Blair, James Goodman, David Holt, Derek Shaw, Linzi Wilson and Craig Coyle
- The company’s mission is to help people achieve their goals – both clients and team members
- Consilium provides comprehensive Audit, Accounting, Corporate Finance, Tax, Cloud Accounting and Payroll services to SMEs
- The firm is based in Glasgow and provides services to clients across Scotland, the UK and internationally via their membership of Kreston Global.
