We are delighted to have advised Hollings Limited on their sale to Assisi Pet Care, backed by Harwood Private Equity.
Hollings is a natural pet treats business founded in 1979 by Jeff and Celia Hollings.
Hollings has its head office, warehousing and distribution operations in Skipton, as well as a purpose-built manufacturing facility in Worksop that produces a wide range of pet treats.
Now delivering more than £8m turnover per annum, the business supplies independent pet shops as well as leading retailers and wholesalers.
Our team were engaged by the shareholders to explore a trade sale process of Hollings to facilitate their retirement from the business.
We provided full sell-side corporate finance advisory services to facilitate the sale of the business.
Assisi Pet Care is a new company, and will be based at the Hollings head office in Skipton. It has been established by Peter Mangion to create a meaningful presence in the pet care category in Europe, with the acquisition of Hollings forming the first step in Assisi’s buy and build strategy. Institutional capital sponsorship was provided by Harwood Private Equity.
Our knowledge of the pet food sector and network of buyers ensured an excellent outcome for the shareholders of Hollings, we well as exciting growth prospects for the business.
Grant Thornton delivered a result exceeding our expectations. Their support and guidance throughout the journey was invaluable. They understood our business and how we operate. They ran a sales process that culminated in an outstanding result and delivered a deal with a buyer which will allow Hollings to continue to flourish. Thank you for your advice, tenacity and dedication.Jeff Hollings Co-owner & Managing Director, Hollings Limited