October 19, 2020 @ 11:41 by Alison Cowie
Carlisle-based construction and civil-engineering firm Cubby Construction has bought Scottish Borders contractor Finlaysons as the business continues to develop its existing operations in southern Scotland.
A family firm established in 1968, Cubby’s operates in construction, civil engineering, joinery manufacture and sustainable housing, working throughout the UK and employing 130 people.
Established for over 60 years, Finlaysons was originally part of Border Construction until 2014 when it was acquired by Esh Group. The building maintenance, joinery, painting and roofing business then became its own legal entity, Finlaysons Contracts, in 2016 after an Esh Group reorganisation.
Esh Group has undergone a comprehensive reorganisation to align its operational footprint and focus purely on the North East of England and the Yorkshire and Humber regions, and this seemed like a perfect opportunity for Cubby Construction to acquire Finlaysons Contracts, as part of a planned expansion.
Chris McCourt (pictured) and Darcie Rae from Armstrong Watson’s corporate finance team acted as lead advisers for the purchase, supporting Cubby Construction throughout the acquisition, advising on all financial aspects of the transaction, including due diligence and post-completion integration.
Michael Walby and Becky Brook from the corporate team at Burnetts Solicitors provided legal advice to Cubby on the acquisition.