Sale of Brit Stops
PEM Corporate Finance provided support to Brit Stops on their sale to Harvest Hosts.
PEM Corporate Finance provided support in the sale of Brit Stops to US counter part Harvest Hosts.
PEM Corporate Finance were appointed by Brit Stops to provide M&A and tax advice. Philip Olagunju, Samuel Reynolds, and Jan Ansari supported the vendors throughout the negotiation process.
Founded in 2011 by Steve and Mandy Clark, Brit Stops are an annual print-based catalogue (and more recently, an app) that allows motorhome and campervan tourists to discover the network of over 1,100 pit stops around the British Isles.
Brit Stops was identified as the UK counter part to US based acquirer Harvest Hosts. The acquisition facilitated cross boarder expansion, allowing two like minded companies, with a similar customer focused ethos, to unlock the next stages of their respective growth.
Harvest Hosts acquired 100% of Brit Stops.
Alastair Gunn & Nichola Stephens of Buckles provided legal advice to the vendors. Weil acted as legal adviser to the acquirer.