RVE are delighted to announce our latest deal. RVE has successfully advised on the sale of Oakmont Construction Ltd. a London-based, privately-owned main contracting business, to an Employee Ownership Trust (EOT).
Oakmont is a principal contractor whose clients include real estate investment funds, corporate occupiers and local authorities. Oakmont acts as the principal contractor on new builds and refurbishment projects across a range of real estate sectors, including: data centres, offices, retail centres, leisure centres and educational facilities.
The founders of the business considered various exit options with RVE before deciding that a sale to an EOT represented the best outcome for all the stakeholders in the business.
The deal transacted during the UK’s Covid-19 lockdown and demonstrates that a business sale to an EOT is still possible, even in unsettled economic times. Indeed, RVE has completed on four such transactions since March, for companies across a range of sectors and sizes.