KBS Corporate Advised on the Acquisition of PIS (Ireland) Limited
PIS (Ireland) Limited is a fuel installation company catering to petrol forecourts and oil depots across Ireland. The company was founded in 2012, quickly establishing itself within its sector and building up relationships with new clients. PIS (Ireland) has developed strong relationships with several blue-chip organisations, some of which have been in place for over 15 years.
The opportunity attracted 17 interested parties, with most of the interest coming from trade. The successful offer came from LCM Environmental Services Limited which acquired South Midland Installations earlier this year.
Colin Doyle, general manager at PIS Ireland, commented: “We are thrilled to become a part of the LCM Group. With our combined in-house capabilities, extensive fleets and trained experts, LCM and PIS complement each other on all levels.
“Over the years that followed PIS Ireland’s foundation in 2012, the company has established a prominent reputation within its sector and has formed strong relationships with a multitude of clients across the UK. As such, it is now in an excellent position from which to achieve considerable further expansion alongside LCM.”
Richard Wallace, chief executive at LCM Environmental, commented: “It has been a long-term goal of LCM Environmental to acquire an Irish base and expand overseas. We are happy to announce that this is now a reality, and we look forward to integrating PIS (Ireland) capabilities within the company.
“The start of the LCM Group marks a new beginning for us, as a business – we are more determined than ever to keep growing within the industry and reach new heights in the coming months.”
George Barnes, Associate Corporate Director at KBS Corporate Finance, advised PIS (Ireland).