A North East commercial valeting business has been acquired by a growing vehicle specialist.
Vehicle cleaning company LPW Group has made its second purchase in six months after snapping up Houghton le Spring based Pureclean Car Care Ltd, one of the region’s biggest commercial valeting businesses.
The addition comes five months after the group’s previous acquisition of Wilson Contract Services, highlighting its ambitious growth plans.
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Pureclean specialised in providing high-quality car valeting and commercial cleaning services to a variety of clients including car dealerships and blue chip brands.
Founded in 2008 by Paul Iley, Pureclean has seen strong growth year on year and he said the strategic acquisition will now help to build on this trend, while also expanding on existing regional relationships with the help of LPW Group’s national presence.
With over 45 years of industry experience, LPW Group specialises in fleet cleaning and truck wash services.
The acquisition adds to an impressive existing brand portfolio, including LPW Tankwash, LPW Truckwash, Mobile Fleetwash, LPW Fleetcare, LPW Fleetsales, Carlyle Bus and Coach, and Wilson Contract Services.
Laurie Moon, chief executive of LPW, said: “We are delighted to welcome Paul and the Pureclean team into the LPW Group. Pureclean has an unrivalled reputation in the North East, which I am looking forward to see grow across the UK. Together, we are very excited to explore the opportunities allowed by our joint forces.”
Mr Iley said: “I am incredibly proud of Pureclean’s success since its formation 13 years ago, and have no doubt that this will continue and accelerate as we join the LPW Group.
"It was important to us to join a group with such ambitious growth plans, while maintaining a strong family culture at the heart of the business.
"I look forward to working with Laurie and the LPW team to grow Pureclean and contribute to the group’s success.”
Working on the transaction was Simon Lloydbottom and Oliver Wadlow from Alinea Corporate Finance, with legal advice from Tom Sutcliffe of Beswicks Legal along with Abu Ali from Williams Ali Corporate Finance LLP and Craig Hart from Craig Hart Accountancy Services Limited who acted for Mr Iley.
