Award winning landscape services business Hultons Landscapes has acquired £2 million turnover Welsh firm Wright Landscapes for an undisclosed sum.

Dow Schofield Watts Transaction Services advised Hultons on the deal, which will see it expand its UK presence into North Wales following its organic growth into the West Midlands and South Yorkshire earlier in 2016.

Wright Landscapes has 15 employees across offices in Wrexham and Alltami and its clients include local authorities, developers, contractors, private clients and architects. It will continue to operate under its existing brand.

The acquisition will support Hultons’ fast-growing construction division and allow it to provide new services to Wright’s existing client base. Hultons, which was founded in 1968, currently employs 65 people in its office in Lymm and is soon to open an office in the Midlands. Over the last year the business has seen sales increase by over 100 per cent.

​Lee Webster, managing director, said: “This has been a landmark year for Hultons and the acquisition is another milestone for us.

“We continue to achieve exceptional sales growth year on year and this has allowed us to secure further investment to strengthen our business. Meanwhile, our work in the sector is also gaining increased recognition and saw us win two awards from the British Association of Landscaping Industries this year.

“Expanding our capabilities as well as our regional presence gives us an excellent platform for growth as one of the leading providers of landscape services in the country. We have assembled what we feel is one of the leading teams in the industry and we’re looking to continue to expand further both organically and through acquisition.”

Wright was established in 1992 and has enjoyed ongoing expansion since then. The deals sees contracts director Steve Emery take up position as the new regional director for North Wales. Founder and managing director James Wright and financial director Sue Wright will also continue to play a leading role in the business’ development and will join Hultons’ senior management team in an advisory capacity.

James Wright, founder and managing director of Wright Landscapes, added: “We’ve had a number of offers for the business however Hultons Landscapes’ brand, vision and culture make them an ideal fit.”

Ed Brentnall and Nick Bolton at Dow Schofield Watts provided financial due diligence services to Hultons Landscapes as part of the deal process.

 

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