Sale: Password Services
Crowe advises Password Services on its sale to Johnson Controls
Crowe has successfully advised the shareholders of Password Services (Holdings) Ltd, including Password Services (Air Conditioning) Ltd, a specialist heating, ventilating and air conditioning (HVAC) company based at Ryelands Business Centre, near Droitwich on its sale to Johnson Controls.
Password Services has been in operation for over 25 years and focuses on rooftop air conditioning within the hospitality sector. It has also been a distributor and partner for the YORK equipment brand for more than 20 years.
Crowe's Role and Team
Crowe acted as lead advisor to the shareholders of Password Services: Richard Schlanker, Alison Adams and Elaine Tovey on the sale, with the team led by Andy Kay supported by Jason Daft, in conjunction with Richard Griffiths at law firm Higgs LLP in Brierly Hill.
Client quote
"We are thrilled to be officially joining the Johnson Controls family. This is a great opportunity to build on what we have achieved over the last 25 years."
Richard Schlanker, Managing Director, Password Services (Holdings) Ltd
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Crowe provided reporting accountant services to Tapir Holdings Ltd., a real estate investment company on its admission to AIM.
Crowe provided financial and tax due diligence services to Dotdigital in its acquisition of Alia Software.
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Crowe advised Roadside Real Estate Plc with their dual acquisition of Gardner Retail Limited and D.A. Roberts Fuels Limited.
Crowe provided financial and tax due diligence to Tower Transit Limited on its acquisition of Huyton Travel Limited, an independent bus operator.