Posted: 05/11/2024
The corporate team at Penningtons Manches Cooper has advised Carver Group, a leading provider of climate control solutions, on the acquisition of S&P Coil Products Limited, as it continues to expand its UK heating, ventilation, and air conditioning (HVAC) presence.
Established in 1776, the Carver Group is an eighth-generation family-owned business based in the West Midlands, which owns and manages brands designing, manufacturing, and installing innovative HVAC solutions for a wide range of market sectors including commercial, retail, industry, and the public sector. Headquartered in Walsall in the UK, the group has representation in fifty countries.
S&P Coil Products, based in Leicester, is a renowned British manufacturer, and has supplied high quality products, including heating and cooling coils, radiant heating and cooling panels, fan convectors, trench heating and cooling, air curtains, and unit heaters, for over 50 years.
The integration of S&P Coil Products into the Carver Group will enable the company to provide a wider array of tailored products and solutions, designed for the demands of both the public and private sectors.
The team advising Carver Group was led by corporate partner Adam McGiveron, and included support from corporate partner Emma Bryant, banking and finance senior associate Andy Rushfirth, employment managing associate Charissa Upton and associate Sabrina Bernard, IP, IT and commercial partner Oliver Kidd, and real estate partner Andrew Mellor and associate Emma Connaughton.
Aidan Killeen, CEO of Carver Group, said “This acquisition not only enhances our product offering but also underscores our commitment to supporting the education sector in the UK with reliable, high-quality climate solutions that foster a productive learning environment. We have valued the expertise and advice offered by Adam, Emma and the rest of the team at Penningtons Manches Cooper throughout this important acquisition.”
Adam McGiveron, partner at Penningtons Manches Cooper, said: “We are delighted to have advised Carver Group on their acquisition of S&P Coil Products Limited, which underscores their focus on their growth in the UK HVAC market.”
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Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority under number 419867.
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