HMT LLP advised Downing LLP on their acquisition of The Pub People Group of Companies from its management team led by Andrew Crawford and Kevin Sammons.
Kevin Sammons has headed Pub People for over 28 years and has established it as one of the top independent pub companies in the Midlands, with a quality estate and a well-resourced central function. Its estate of high-quality food and drink pubs is based in and around Nottingham, Derby, Chesterfield, Sheffield, and Lincoln.
Downing has acquired Pub People and merged the business with its existing investment in Autumn Pubs Limited, which has been managed under contract by Pub People since 2012.
Downing will be the majority shareholder in the combined business. The business now includes 49 managed pubs and Downing has committed further funding to help the group expand through acquisitions.
Following the acquisition, Kevin Sammons will transition into a non-executive role, while Andrew Crawford will move into the role of Managing Director.
HMT undertook financial due diligence on this transaction.
Nick Carter, Associate Director at Downing commented:
“Downing have worked with HMT on several transactions and on this acquisition their diligence was invaluable in providing comfort around a group comprising a large number of pubs spread across multiple companies.”
Paul Read commented:
“We are delighted to have advised Downing on their acquisition of Pub People and the merger with Autumn Pubs. Kevin and Andrew have built a great business over the years and we wish them all the best for their next stage of growth.”