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23 Jul, 2021 13:00

Gateley buys Tozer Gallagher for up to £700,000

cash money sterling pay deal offer acquisition m&a

Legal and professional services group Gateley has bought Tozer Gallagher, a practice of chartered quantity surveyors and construction consultants, for a up to £700,000.

Tozer Gallagher will join the Gateley Vinden business, which was acquired last March.

The initial payment of £600,000 will be made in cash. There will also be a deferred £100,000 payment based on the business' financial performance in the 12-month period following completion of the deal.

The company said the acquisition will enable Gateley Vinden to widen the scope of its existing built environment consultancy and fund monitoring services.

Chief executive Rod Waldie said: "This acquisition sits within the diversification part of our strategy to establish complementary services that support our Platform strategy. We believe there is also an opportunity for Gateley Vinden, incorporating Tozer Gallagher, to collaborate further within our well-established Property Platform and we are looking forward to supporting their future development in line with our growth plans."


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.