CSB Holdings Limited (CSB) has sold Construction Industry Solutions Limited and COINS US Group Corp (COINS) to The Access Group.
The Access Group is a Loughborough-headquartered provider of business management software to mid-market organisations in the UK, Ireland and Asia Pacific.
COINS is a construction management software and services company providing end-to-end business solutions to the contracting, home building and service management sectors globally, with more than 100,000 users worldwide.
Nelsons, in conjunction with international law firm Addleshaw Goddard, advised CSB.
David Kaplan, partner and solicitor in Nelsons’ corporate team, said: “We have worked with the key shareholders and management team of CSB for nearly ten years and I am delighted that all their hard work over the years in building and developing the COINS group and its offering has been recognised by a global leader in the software industry. By joining forces with Access, the COINS group will undoubtedly go from strength to strength.”
Other advisors to CSB included KPMG Corporate Finance, BDO and Ashgates. Advisers to Access included Travers Smith and PWC.
Brendan Flattery, Managing Director Access ERP, said: “We see a huge opportunity with COINS joining the Access Group and we will be sharing more details over the coming months about our joint plans for the future. With the size, complexity and geographical spread of COINS’ operations, we are now in an exciting discovery phase while we integrate our two businesses.”
Robert Brown, COINS CEO, said: “I am excited to be joining my peers at The Access Group and the opportunities that this acquisition creates for our staff, customers, and business partners. Access and COINS share the same vision of delivering a suite of market-leading, end-to-end, construction-focused solutions, that enable construction companies to achieve higher levels of productivity, margin and cash flow.”
Chris Bayne, CEO of The Access Group, said: “This latest acquisition supports our growth strategy and focuses on delivering solutions that meet the needs of our expanding international customer base. We welcome COINS’ customers, partners and employees into The Access Group.”
