Raeburn's Expertise Assists Strategic Acquisition
Cary Group, the European market leader specialising in sustainable solutions for repair and replacement of vehicle glass, instructed Raeburn Consulting to prepare market rent and freehold valuation reports on 9 properties across the UK to assist with a business acquisition to further strengthen their UK market share.
Cary Group has recently agreed to acquire J Huggins and Son Limited, a prominent vehicle glass repair and replacement service provider in the United Kingdom. The acquisition is a crucial step for Cary Group towards solidifying its position in the UK market. J Huggins and Son Limited is part of the National Windscreens consortium, which includes Cary Group.
Raeburn's sister company Dilapsolutions, received instructions to prepare 8 schedules of condition and 11 dilapidations liability assessments to both help limit any repairing and redecorating obligations as part of the new lease agreements and to assess any likely dilapidations liabilities at lease termination. All instructions were overseen by Neil Burridge, providing the client with one point of contact allowing the instructions to be completed within a tight timescale.
Neil said: “We were delighted to assist the Cary Group with their preparation for the acquisition of J Huggins and Son Limited. We delivered comprehensive valuation reports and dilapidations liability assessments, which were vital in facilitating their successful acquisition. Raeburn's expertise played a crucial role in helping Cary Group achieve success in its strategic acquisition."
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