Wakefield-based Thurston Crew Ltd and two related companies had been offered out of management in a pre-pack deal, saving greater than 200 jobs.
Privately owned business production and distribution company GCH Company Ltd received the modular and offsite development specialist for an undisclosed sum, directors from Leonard Curtis introduced on 23 December.
Hilary Pascoe, Andrew Poxon and Mike Dillon from Leonard Curtis had been appointed as joint directors for Thurston Holdings Ltd, Thurston Crew Estates Ltd and Thurston Crew Ltd the day prior to this.
Shoosmiths acted as solicitors and Gordon Brothers served as brokers for Leonard Curtis within the sale.
Felony advisors Squire Patton Boggs, monetary advisors Teneo and valuation companions Hilco acted for GCH.
London-based GCH posted a £3.1m loss from turnover of £124.1m in its newest accounts for the 2023 calendar yr.
It hired a per 30 days moderate of 978 body of workers all through the length.
Thurston Crew Ltd is the principle buying and selling industry a number of the 3 companies purchased by way of GCH. It used to be based in 1970 as BTH Trailers Ltd.
In 2021, the industry used to be received by way of personal business funding corporate HLD Crew in a £16m deal.
Its newest accounts confirmed a pre-tax benefit of £3.3m on turnover of £46.5m for the yr to 31 October 2024.
Thurston Crew hired 275 body of workers, Leonard Curtis stated in a observation.
It described “a number of industry demanding situations” that caused the company to instruct directors in November 2025 to habits an sped up mergers and acquisitions procedure to spot a buyer.
GCH Company emerged because the a success bidder following “really extensive pastime”, Leonard Curtis stated.
“The deal has effectively secure over 200 jobs,” the directors added.
GCH leader govt Cassie Hutchings stated the brand new house owners are “dedicated to stabilising and making an investment within the industry”.
Thurston Crew these days holds positions on a number of main public-sector frameworks, together with LHC Procurement Crew’s £265m modular structures framework, the £3bn Main Works Schooling Framework in London, and the £500m Modular Constructions 3 framework from NHS Shared Trade Services and products.
In January, Thurston received Storplan Racking Ltd for £800,000, describing the deal as a strategic funding to reinforce the crowd’s ongoing enlargement and construction.
4 months later it purchased Alsim Machine Construction, a Yorkshire-based producer of transient residing and safe lodging gadgets that had entered management, for an undisclosed sum.
As just lately as June, the corporate stated it used to be concentrated on turnover of £104m by way of 2027, underpinned by way of a virtual transformation technique that features a partnership with software-as-a-service supplier WrxFlo.
