HMT advised Mr Brian Johnston and the other shareholders of Heathrow Limited on its sale to HR Owen plc for £4.6 million.
HMT acted as lead advisers in the transaction which included detailed negotiations with HR Owen plc.
Heathrow Limited was acquired by Mr Johnston in 1994 and Andrew Thomson also advised Mr Johnston in the original acquisition. Since the management buyout, HMT were retained as auditors and tax advisers to Heathrow Limited.
HMT partner Andrew Thomson commented:
“Having acted for Brian when he acquired the business from BMW in 1994, it was extremely satisfying to be retained to act for management in the disposal and see Brian and his team realise the benefits from successfully managing and growing the business over the past nine years.”