Dransfield Expands with Crystal & Son Group Acquisition

Deal News | Dec 09, 2024 | B Daily

Dransfield Expands with Crystal & Son Group Acquisition

Dransfield Novelty Company, a family-owned firm in Leeds specializing in gaming machines, digital jukeboxes, and pool tables, has expanded its offerings through the acquisition of Crystal & Son Group. This strategic move allows Dransfield to enhance its product range and services while maintaining focus on its core operations. Crystal & Son Group, based in North Tyneside, offers a portfolio that includes bingo machines and other gaming-related products. The acquisition is seen as a crucial step in Dransfield's continued mission to provide high-quality offerings to its customers. Legal support for Dransfield was provided by the law firm Schofield Sweeney, while financial advisory services were rendered by Suttons Clarkson Hyde. Crystal & Son Group received legal counsel from Savage Silk. This acquisition highlights Dransfield's ongoing growth and leadership in the industry.

Sectors

  • Gaming and Amusement
  • Legal and Financial Advisory

Geography

  • United Kingdom – The transaction involves companies based in Leeds, North Tyneside, Newcastle, and Stockton in the UK, indicating a domestically focused acquisition.

Industry

  • Gaming and Amusement – Both Dransfield and Crystal & Son Group operate in the gaming and amusement industry, providing gaming machines, jukeboxes, dartboards, and other related products.
  • Legal and Financial Advisory – The deal involved legal and corporate finance advice, highlighting the role of law firms and financial advisors in facilitating M&A transactions.

Financials

    Participants

    NameRoleTypeDescription
    Dransfield Novelty CompanyBuyerCompanyA 75-year-old family-owned firm based in Leeds that provides gaming machines, jukeboxes, and pool tables to pubs and clubs.
    Crystal & Son GroupTarget CompanyCompanyA company based in North Tyneside that offers a portfolio of gaming-related products including bingo machines and dartboards.
    Schofield SweeneyLegal AdvisorCompanyA law firm based in Leeds, Bradford, and Huddersfield that provided corporate and real estate legal advice to Dransfield.
    Suttons Clarkson HydeCorporate Finance AdviserCompanyProvided corporate finance advisory services for Dransfield during the transaction.
    Savage SilkLegal Advisor to Crystal & Son GroupCompanyA company based in Newcastle and Stockton that provided legal advice to Crystal & Son Group.
    Chris HaleyManaging DirectorPeopleManaging Director of Dransfield Novelty Company, responsible for overseeing the integration and continuation of high-quality product delivery.