Support for US firm making first UK acquisition
expertise from Rachel Turner
, Mary Pears
and Emily Beere
, based in Thames Valley
, enabled US firm to Seis GEaR Inc make its first UK acquisition, buying the business of Verif-i.
Seis GEaR Inc is a seismic tools and maintenance provider, and acquired Verif-i, which provides auditing and QC services, including technical audits, inspections, and related consulting to key oil company, multi-client data companies and manufacturers both in the marine and land markets.
Mike Burnham of Seis GEaR Inc said: “Buying an existing business is always a difficult process. When you are a company that has only been in business for six months and are buying a business in a foreign country, it can be an absolute nightmare.
“The HCR law team was recommended to us by the seller and it turned out to be one of the best recommendations we have received. The HCR team was very responsive, easy to work with, and more than anything else they worked with us using the spirit of the deal to frame the agreement while meeting all UK required legal parameters.
“They were able to juggle multiple changes on a compressed time schedule while still keeping true to the original goals and the original budget, and we were able to close the deal within 24 hours of our target date. I would recommend Rachel Turner, Mary Pears and the rest of the HCR team to anyone contemplating a merger or acquisition.”