The award-winning team at Cooper Parry Corporate Finance has led the sale of Leicestershire-based Brobot Group Ltd to HKS Holdings Ltd.
Ben Rookes of Cooper Parry Corporate Finance provided the lead advisory support to Leicestershire-based Brobot, which is headquartered in Melton Mowbray and has 23 sites throughout the region.
Brobot was founded in 1978 by John Bootle with a single site at Thorpe Road, Melton Mowbray and expanded through acquisitions over the years. In recent years, Brobot has been led by John’s wife Pat and her dedicated executive directors, Bridget Smith and Eddie Bright since his death in 1996.
HKS Holdings Ltd is an independent petrol station owner and operator, stretching across the UK from Yorkshire to Surrey, operating just under 60 sites in total. With the recent Brobot deal, HKS expects annualised turnover to reach £250m, representing growth of over 150%.
Ben Rookes, Partner at Cooper Parry Corporate Finance, said:
“Pat, Bridget and Eddie have worked hard over the years to build a sustainable successful business. The combined group will be one of the largest independent petrol retailers in the UK. We wish HKS all the success with the combined business and its future growth plans”.
Cooper Parry Corporate Finance have led a number of significant transactions in recent months, including acting for the shareholders and management on LDC’s investment in Centiq, the sale of a medical device business to a US private equity firm and acted for management on Alteri’s acquisition of Brantano (UK) and Jones Bootmaker. The team are seeing a positive increase in activity in the market and are expecting these conditions to continue into 2016.