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Combined effort sees extension of services

09 March 2018

Integrated property services and project delivery provider Styles&Wood Group (S&W) and Southerns Group will be combining their services through members of Central Square Holdings (CSHL).

This was officially confirmed earlier today and follows the delisting of S&W shares on the London Stock Exchange.

The move follows an announcement last December and a vote by shareholders last month to delist from AIM, leading to the move to join CSHL.

Benefits of the move will include the creation of a larger operation with "enhanced capabilities and credible reach across the full spectrum of property services", the announcement stated.

Group chief executive Tony Lenehan said the joining of forces for the two organisations provides "a new chapter" that "creates a truly unique offering within the property services market".

"We believe our new group will bring exciting times for everyone involved and benefits to our customers, employees and partners," he said.

No financial details of the move were stated and S&W were advised by Shore Capital, with Hill Dickinson acting as legal adviser to the group.

CSHL received financial advice from Numis, with KMPG providing debt advice and due diligence.

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