Clairfield advise on the merger of Edmond Shipway with Naismiths

Clairfield have advised the owners of Edmond Shipway, a leading independent construction and property consultancy, on its merger with Naismiths.

Established in 1963, Edmond Shipway provides client-focused solutions across a wide spectrum of construction and property development, including project management, cost management and M&E consultancy services. Edmond Shipway has offices across the Midlands, North West and South West, and has a long-standing blue chip client base.

Founded in 1963, Naismiths is a leading national real estate consultancy. The business has been at the forefront of successful projects for clients in the construction and real estate sectors, having delivered over 10,000 projects. The firm also has access to unparalleled data through its analytics platform, which enhances client performance.

The merger will uphold the renowned service standards and elevate the capabilities of both entities, providing clients with enhanced services and an expanded talent pool.

Clairfield acted as exclusive financial advisor to Edmond Shipway, worked closely with the team to prepare the business and find a partner that provided a strategic and cultural fit.  The Clairfield team was led by Partner, Tom McCarthy and Director, Peter Waplington.

Tom McCarthy added: “This transaction further demonstrates Clairfield’s built environment sector expertise and knowledge. We are delighted to have found a strategic partner for the business and wish the combined team well for the future”.

Legal advice to the equity partners of Edmond Shipways was provided by Higgs, led by Partner Richard Griffiths and Principal Associate Damian Beard.  Accounting support was provided by Hammond McNulty, led by Marie Shenton.  Funding was provided by Beechbrook Capital, led by Paul Whitehouse and Jack Browne.  Financial Due diligence was provided by Cortus, led by Partner Paul Kithoray.