IN BRIEF: Gateley buys Richard Julian Associates for GBP6 million
20th Jul 2023 14:26
Gateley Holdings PLC - Birmingham, England-based legal and professional services group - Buys Richard Julian Associates Ltd for a total consideration of GBP6 million. This includes an earn out based on the earnings before interest, tax, depreciation and amortisation achieved in its financial year ending April 30, 2024 and financial 2025. Says will pay an initial consideration of GBP3.9 million, of which GBP2.0 million will be paid in cash from a revolving credit facility and GBP1.9 million by allotment and issue of new ordinary shares in Gateley at a price of 10 pence each. RJA is a Leicester, England-based chartered surveying practice with a focus in the construction industry. Read More