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James Cowper Kreston Corporate Finance team has advised Bracknell based Courtney Buses (Courtney Coaches Limited on its sale to Reading Buses (Reading Transport Limited).

21 May 2019

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Nick Rogers and Dylan Polley led the team from James Cowper Kreston which advised on the deal which allows the Courtney Buses’ founder, Bill Courtney-Smith to retire.

The acquisition of Courtney Buses includes a fleet of 57 buses, the Courtney Bodyworks business and Courtney Authorised Testing Facility, which can conduct MoTs on large vehicles.

Founded in 1973, the company services routes covering areas including Waltham St Lawrence, Shurlock Row, Twyford, Wokingham, Crowthorne, Sonning and Binfield.

Bill Courtney-Smith said “Courtney Buses has prided itself on quality, value and integrity. Our motto – Driven by Service – really says it all. I am pleased to be passing the reins to another company which holds these values in such high regard, and one that has been recognised as such by the wider industry on numerous occasions.

The two businesses are a very sound strategic fit and I am wholly confident Courtney Coaches will thrive under its new ownership.

I would also like to put on record my sincere thanks to Nick and Dylan for their fantastic efforts in achieving this deal.  I am absolutely delighted with the outcome which is largely down to Nick and Dylan’s expertise. I have no hesitation in recommending their services to other business owners considering exiting their business or its future development”

Nick Rogers Head of Corporate Finance at James Cowper Kreston said “Completing this transaction on the final day of our financial year capped off a very memorable and record breaking 12 months.  My team have worked incredibly hard and delivered exceptional results for our clients.  The team has completed buy side and sell side deals many with an International angle. That said it is also very pleasing to complete the sale of Courtney Coaches to Reading Buses a very local deal involving local advisers. 

For further information or advice, please contact nrogers@jamescowper.co.uk or call 0118 955 1017.   Further details of deals completed and services provided are available on our website www.jamescowperkreston.co.uk/services/corporate-finance.

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