Equilibrium Chemical Services Limited - Sale to EOT

Pippa Miller-Hawkes and Phil Todd in the corporate finance team are delighted to have advised Equilibrium Chemical Services Ltd on its sale to an Employee Ownership Trust (EOT).

BSN provided advise on valuation, finance, structure and tax matters, working closely with Lodders corporate team who advised on legal and commercial guidance throughout the process.
 
Completed in just six weeks, the deal means the company is now owned by and operated for the benefit of its employees.
 
Alan Bellamy, director of Equilibrium Chemical Services, comments: "In the marketplace, the EOT model sets the business apart as a beacon of innovation and integrity. Customers gravitate towards companies that prioritise people over profits, recognising that true success is measured not just in monetary terms but in the positive impact on society. Lodders and BSN Associates were the perfect partners to help us achieve our goal."

Pippa Miller-Hawkes of BSN Associates adds: “It has been a pleasure to work alongside Alan, Chris and Pete to complete this 100% sale to the employees of Equilibrium. Not only does this structure facilitate a tax efficient exit for the vendors but also some great incentives for the employees as they continue to support the growth of the business.”

Lodders’ Nicola Vernon says: “It was great to be able to work on this transaction and assist the owners of Equilibrium Chemical Services Ltd with their long-term plans for the business. The sale of the business to an EOT demonstrates the ongoing investment in the company’s employees and the continued growth and success of the business, whilst allowing the culture and values at the core of the company to be maintained.”