Northeastern Transactions of the Week: Major Acquisitions, Contracts, Investment

Middleton Enterprises helps a growing chain of gyms expand their business across the region.

OneGym Was first launched in Darlington 10 years ago by the brothers Paul and David Pearson, giving users access to all the latest fitness equipment and classes without the need for expensive add-ons such as swimming pools that users don’t necessarily want to use. Did.

The group currently has six offices in Northeast Stockton, Bishop Auckland, Newton Aycliffe, Red Car, Thornaby and Durham, each with facilities and facilities such as a sauna, sunbeds and free exercise classes. It offers flexible, low-cost, peak and off-peak membership, giving customers access to all gyms at no additional cost.

Newcastle-based family-owned Middleton Enterprise Invest in One GymExpand your business and expand throughout the region to help you become one of the major gym chains in the northeast.

read more: Click here for details on Northeastern Business News

David Pearson, co-founder of OneGym, said: “We are already working on plans to open multiple new sites and are leveraging the experience of Middleton Enterprises to refinance and grow our business.”

A company specializing in energy and water efficiency in the northeast Cenergist After securing a £ 6m funding package, it will create 40 jobs and embark on an acquisition path.

Cenergist CFO, Ian Richardson

Cenergist, Based in Tyne and Wear, Washington, the company is working with local governments, water utilities and energy companies to reduce the carbon impact of buildings by providing water efficiency and renewable heating systems. increase.

Launched 10 years ago, Cenergist provides water efficiency and renewable heating systems, its patented technology promotes more efficient use of water and energy, and organizations achieve their sustainability goals. Helps reduce costs and comply with regulations.

The business, which provides design and installation services throughout the UK and Europe, is now Secured millions of pounds package from HSBCUK Increase working capital for larger projects while aiming to grow through acquisitions.

Fat Hippo expanded: (from left) Helen Miller in NatWest, Paul Gainford and Julie Cuthbertson in RMT Accountants & Business Advisors, and Mike Phillips, founder of Fat Hippo.
Fat Hippo expanded: (from left) Helen Miller in NatWest, Paul Gainford and Julie Cuthbertson in RMT Accountants & Business Advisors, and Mike Phillips, founder of Fat Hippo.

Popular hamburger business Fat hippo Ready to More than double the number of restaurants It operates throughout the UK and will create more than 200 jobs by the end of next year.

Managing Director Mike Phillips was still a student at Northumbria University when he wrote the initial business plan for the Fat Hippo Group, prior to its launch 12 years ago.

The success of the first restaurant in Jesmond opened an underground venue in Newcastle city centre, now operating other restaurants in Durham, Leeds, Liverpool and Nottingham, as well as Sheffield and Manchester in Lane 7. , Edinburgh, and a fleet of street food that travels all over Britain.

The company is currently aiming to open up to nine new burger restaurants in the next 18 months, with the first restaurant scheduled to open in Cardiff city centre at the end of this month.

The Newcastle-based group’s next restaurant will follow Birmingham a few weeks later, with the first restaurant opening in Glasgow, Scotland.

Newcastle web design agency is aiming for £ 2m in sales After a 6-digit investment For staff and service.

SmoothProvides web design, e-commerce, and branding consulting to clients across the northeast and the UK, and is growing with an investment background, hoping to reach £ 2 million in sales by 2023. It states that it is.

With 14 employees, the company recently secured new jobs with its US-based gaming platform Strive Gaming and London-based Fightor Flight.

Sleeky aims to generate £ 2m in sales by next year
Sleeky aims to generate £ 2m in sales by next year

Other customers include Malhotra Group, a real estate, leisure and care company, Newcastle University, Newcastle and Gateshead Council, and Newcastle upon Tyne Hospital NHS Foundation Trust.

The investment has seen some new appointments to Sleepy, including three web developers, graphics and web designers, and digital marketing executives.

Acquisition Wealth Management Group Fairstone Have Completed purchase of Cumbria financial planning company As the latest addition to its growing portfolio.

Northeast-based Fairstone has decided that Carlyle-based financial concept principals Darren Turnbull, Anthony Phillipson and Nigel Shackleton will join Fairstone to support their growth ambitions. Said.

Financial Concepts participated in Fairstone’s downstream acquisition acquisition model (integrating companies before a full acquisition) in December 2019.

During the integration phase, Financial Concepts revenue increased by 7%, and Fairstone said it would further support the business through a process that states that it can effectively double the market value of the business.

This move means that 10 advisors and staff will join Fairstone with over 1,700 clients and over £ 13.5 million in assets under management.

Nathan Winch, managing partner of Winch & Co.
Nathan Winch, managing partner of Winch & Co.

Northumberland Transport and Warehouse Specialist Dedicated transport solution (DTS) Snapped by Winch and Company, a private equity company.

Leeds-based Winch & Co also dominates the company’s 250,000-square-foot Nelson Park West base in a private Cramlington-based DTS (warehouse storage, time-critical delivery, and anomalous baggage carrier) transaction. Will be.

This follows Winch & Co’s acquisition of Loughborough-based Eclipse Distribution Solutions. This is part of a plan to acquire five logistics businesses for the portfolio.

Winch & Co was founded by South Yorkshire entrepreneur Nathan Winch, who sold his first business in 2017. Based in the heart of Leeds and with 100 full-time employees, the business develops FMCG, industry, service-based industries, and dynamic growth capital.

Winch said: “With this acquisition, the goal of purchasing five transportation businesses is one step closer, and DTS will be implemented alongside the Eclipse Distribution Solutions purchased last October.

“If the Covid pandemic has taught us, it’s the importance of logistics and warehousing. Without operators like DTS and Eclipse, the country would be shut down.”

Northeastern Transactions of the Week: Major Acquisitions, Contracts, Investment

Source link Northeastern Transactions of the Week: Major Acquisitions, Contracts, Investment

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