Perrin & Partners Ltd is pleased to announce it has completed the acquisition of 70% of the issued shares of BLS Asbestos Ltd, a specialist asbestos removals contractor with annual sales of approximately £2.5m.
BLS Asbestos Ltd, a family-run business operating nationwide from its headquarters in the northeast of England, is an established and reputed name in the industry with more than 20 years trading history.
Brothers Charles and James Burke have run the business since 2009, and Perrin & Partners is pleased to confirm that both Charles and James have agreed to remain as managing directors and will continue to run BLS with no changes to the day-to-day operations.
“We are thrilled to announce that BLS is our first acquisition, and to welcome Charles and James as our partners. BLS’ exceptional track record of profitability is testament to the skill of Charles and James as directors, and we are delighted that they will continue to manage the business going forwards.”
Rob Hill-Smith, Perrin & Partners
"We are delighted with the sale of 70% of the business to Perrin & Partners. BLS will operate exactly as before, with James and I continuing as Managing Directors. Perrin & Partners were an ideal buyer for us, ensuring that there would be no disruption or change to the business, which is key to our customers and staff alike"
Charles Burke, Managing Director, BLS
“It is clear, having reviewed and spoken to many hundreds of businesses in the past year, that in BLS Charles & James had built something very special, and we have every confidence that under their management, BLS will continue to thrive.”
Kit Schutzer-Weissmann, Perrin & Partners
Perrin & Partners acquired 70% of shares in BLS for an undisclosed sum on 30th September 2022, with the Burke family collectively retaining the remaining 30% of shares.
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