Corporate Finance, Deal Advisory, Transaction services
Gerald Edelman’s Corporate Finance team has advised Euston Ventures on the acquisition of Hammond Chemicals Limited
06 Jun 2023
We are pleased to announce that Gerald Edelman’s Corporate Finance team has advised Euston Ventures on the acquisition of Hammond Chemicals Limited, a leading supplier of industrial solvents.
About Euston Ventures
Euston Ventures is an investment company established in 2014 which focuses on acquiring specialty manufacturing, engineering and technical service businesses in the UK. In this transaction, Euston teamed up with acquisition entrepreneur, Jim Ward, who has had a successful career in the chemical engineering and life sciences sectors.
About Hammond Chemicals
Hammond Chemicals, which is based in the West Midlands, is a leading supplier of blended industrial solvents. They have been supplying a wide range of customers for over 50 years focusing on bespoke blending services. While this was a retirement sale of a second-generation family business, Euston and Jim are pleased that the third generation of the Hammond family have agreed to remain in leadership roles in the business, and look forward to working with them in the years ahead.
Mark Dominik, partner at Euston Ventures, commented: “We were very pleased with the work Gerald Edelman – Carl, Will and Cameron – put into this transaction by ensuring we were given a detailed and insightful understanding of the business which assisted us in our decision to push forward in making our acquisition. We were looking to complete the transaction in a timely manner and the proactive nature and flexibility of the team at Gerald Edelman made sure we were on course to carry this out.”
Carl Lundberg, partner at Gerald Edelman, commented: “It is always a pleasure to work with the team at Euston, whose approach to executing deals is fair, pragmatic and efficient. On this particular deal, it was great to work with an enthusiastic and knowledgeable searcher like Jim. We wish the team at Euston and Jim all the best during the next phase of growth for Hammond Chemicals.”