Deal is sealed for prime river site

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THREE Teesside professional services firms have joined forces to enable a company to complete its purchase of a marine engineering business and its riverfront site.

The purchase will allow the Cordell Group to re-locate of one of its divisions to a prime site on the River Tees, leading to growth on the site and the creation of new jobs.

Evolution Business Advisors, Tilly Bailey & Irvine Solicitors and Close Thornton Solicitors helped Cordell Group to buy Aveco (Teesside), a family firm. It has a distinguished history of marine craft building.

Evolution Business and Tax Advisors counselled Cordell Group management throughout the negotiations. David Hogg, partner with Close Thornton Solicitors, represented Cordell in its purchase of Aveco (Teesside), and Martin Levinson, partner and commercial property specialist with Tilly Bailey & Irvine Solicitors, acted in the purchase of the land.

Mr Levinson said: “In such a deal, it is inevitable that a number of professional services companies are required to work closely together.

“Everyone has cooperated fully to complete an intricate transaction and it was a pleasure to be part of a first class professional team.

“We are delighted that the acquisition has been successfully completed.”