Northern Bear Acquires Electrical Contracting Business16/01/2020
AIM-listed Northern Bear, a provider of specialist building and support services, has further expanded with the acquisition of another business, assisted by Mincoffs Solicitors’ corporate team. The Newcastle-headquartered business has purchased York-based Lister Holdings and its wholly owned subsidiary J Lister Electrical, an electrical contracting business which was established in 1973.
“We have looked at a large number of opportunities since our last acquisition, being that of H Peel & Sons and its subsidiary, in July 2017,” said Steve Roberts, executive chairman of Northern Bear. “We have now acquired a well-established, consistently profitable and cash generative business with a strong management team committed to remaining with the business.
“In addition, J Lister has a number of opportunities for expansion and to cross-sell with our existing group companies. I would like to welcome all of the J Lister employees to our Group and we look forward to working with them.”
Mincoffs Solicitors advised Northern Bear on its flotation on AIM in 2006 and has continued to provide legal support to the group since then. John Nicholson, the partner in Mincoffs’ Corporate team who led the deal, commented: “We congratulate Northern Bear on the acquisition of Lister Holdings, another significant addition to the already strong group, and look forward to continuing our relationship with Steve and the team.”