Crowe advises on Pet Cremation Services’ latest deal
National audit, tax, advisory and risk firm Crowe has advised on the latest acquisition by Northampton-based Pet Cremation Services (PCS).
PCS has acquired Norfolk Pet Crematorium in its seventh acquisition since 2015. The addition of the Norfolk business brings PCS to 15 sites across the UK.
PCS, the trading name of Time Right Ltd, was established in 1989, and since the introduction of a private equity partner in 2015, the business has grown from nine branches to 15, including one in the USA.
Glenn Tuck, managing director of PCS, said: “Our desire to grow coincided with the decision of the shareholders of Norfolk Pet Crematorium, Ken and Susan Bernard Smith, to retire.
“This is a deal that works well for both parties, and we are pleased to have added Norfolk into our network of sites.”
Andy Kay, corporate finance partner at Crowe, who advised PCS along with associate director Chasz Coulsting, said: “We have worked with Glenn and his team to develop and implement their plans for expansion to build a significant sized business.”
Johnathan Dudley, Crowe’s managing partner for the Midlands region, said: “This acquisition concludes an excellent year for Crowe’s corporate finance team in the Midlands, having advised on around 20 transactions in the last 12 months. The pipeline is healthy going into the next financial year and we look forward to a strong 2020.”
PCS was advised by Neil Jones of Ansons Solicitors and Norfolk Pet Crematorium was advised by Mills & Reeve.
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Miriam Sherwood, Senior Marketing Manager (Regions), Crowe UK. Tel: 0121 543 1900
Notes to Editors:
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