Harper Macleod, Legal Adviser to the Glasgow 2014 Commonwealth Games, has advised on the merger of leading Scottish energy services firm Everwarm and construction and support services group Lakehouse.
Bathgate-based Everwarm was named Scotland's fastest growing business in 2013, employing 250 staff across two offices with a turnover of £46 million in only its third year of trading.
Harper Macleod has advised Everwarm, led by Managing Director Michael McMahon, from its initial start-up investment through to this merger, creating an enlarged group with annual sales of circa. £240 milllion.
Lakehouse, which is one of the UK's fastest growing property services companies, employs 950 staff across 14 offices.
Donald Munro, Head of Corporate at Harper Macleod, said: "It's fantastic to see a client such as Everwarm through from start-up to such a great merger, which can only see the business go from strength to strength. It's also incredible to realise what Everwarm has achieved in such a short space of time – to be the country's fastest growing business and achieve such fantastic results is a tribute to the management team and shareholders."
James MacGregor, a Partner in the Corporate team at Harper Macleod, also advised Everwarm shareholders on the deal. He added: "Everwarm is an amazing example of the potential for high-growth Scottish businesses to flourish. We put a lot of focus on the start-up and investment side of the corporate marketplace for many reasons, not least that this is where the future successes and business leaders come from. To be part of Everwarm's journey from the very start until this point is extremely satisfying and a great example of what can be achieved."
Everwarm installs energy products such as cavity wall insulation, air source heat pumps, loft insulation and solar panels. Since 2011, the business has installed carbon-saving measures in more than 45,000 homes and businesses across the UK. It currently has offices in Bathgate in West Lothian and Bedford in the east of England and will continue to trade under its current name in Scotland.
Lakehouse is one of the UK's fastest growing property services companies, working across construction, regeneration and refurbishment, development, repairs and maintenance, sustainability and fire and gas compliance. The group specialises in the social housing, education and public buildings sectors.
* Everwarm was named Scotland's fastest growing company in the Personal Best Fast 50 2013