Schofield Sweeney advises Galleon Tools Group on latest acquisition
Yorkshire-based commercial law firm Schofield Sweeney has advised specialist tools distributor Dormole Limited on the acquisition of the business and assets of Rollins and Sons (London) Ltd, marking the latest step in the group’s strategic growth.
A leading supplier and distributor of professional quality hand tools, the acquisition of Rollins and Sons (London) Ltd is set to strengthen Galleon’s supply chain capabilities and bolster long-term growth in the business.
The deal was led by Michael Cantwell, Partner in the Corporate team at Schofield Sweeney. He was supported by a multidisciplinary team of solicitors from the firm’s Corporate, Property and Commercial teams, advising on all aspects of the transaction including the trading business, property and stock.
Dormole Limited is a holding company whose group of businesses date back to 1972. Dormole trades entirely through its subsidiaries, which primarily specialise in the distribution and brand development of hand tools, power tools and related consumables and accessories to resellers.
Related brands and businesses include Toolbank, Faithfull Tools, Forgefix, Olympia Tools, Scan Safety, Harrison & Clough, Tucks Fasteners, and ADP Diamond Cutting Solutions as well as the group’s three distribution businesses CDL, CDL Sheffield and CDL EU. Dormole’s customer base includes trade, industrial and agricultural merchants, buying groups, specialist DIY and hardware stores, and online retailers.
Dave Rogers, Managing Director of Galleon Tools said: “Rollins has built an outstanding reputation over the past century, with strong customer relationships and a highly knowledgeable team. We are delighted to welcome Stuart and the entire Rollins team into the Galleon Tools Group.
“Through this acquisition, we are providing long-term stability and backing to the business and the respected brands it represents, ensuring they continue to thrive in a competitive market. We look forward to building a strong working relationship, providing the support and infrastructure needed to ensure continued success, while preserving the heritage and expertise that make Rollins such a respected name in the industry.”
Michael Cantwell, Partner at Schofield Sweeney commented: “Dormole is a long-standing client and we’re proud to support them in this new chapter as they continue to grow and expand their capabilities. It was a pleasure to work alongside the team to deliver a smooth transaction and bring the deal to completion within a tight timeframe.”