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Business & Economy

Azets advises Stormking Windows on Countrywide Property Group Holdings sale

A window firm has been sold in a deal overseen by professional services firm Azets.

Stormking Windows has been acquired by Countrywide Property Group Holdings Limited for an undisclosed sum.

The firm has provided products and service since 1992 under the leadership of founding partners David Taylor, Nigel Thompson and Neil Clarey.

The company, based in Bishop Auckland, started as a manufacturer supplying uPVC doors, windows and conservatories to the trade, and today makes products and provides full installation services.

The departing shareholders will exit the business and retire. All of the staff will be retained.

Graham Cornforth, corporate finance partner at Azets in the North East led the deal, was supported by corporate finance manager Matt Waters.

David Adams, at Knights, provided legal advice to the vendors assisted by Oliver Hebdon.

Craig Malarkey, at Swinburne Maddison, provided legal advice to the acquirers.

Nigel Thompson, owner and director at Stormking, said: “We have received terrific support from Graham, Matt and the team at Azets who’ve advised us and have helped us navigate and negotiate the transaction.

“We appreciate the dedication of the team in managing a smooth process throughout and delivering a successful transaction”

Matt said: “It’s always good to see strong, long-established businesses move into new hands to enable a new chapter of growth. We were delighted to advise the shareholders on the sale to Countrywide Property Group Holdings.

“The home improvements market has boomed during the pandemic and the new owners will be well placed to take advantage of this as the demand for people ‘improving not moving’ increases.”