Hill & Smith Holdings PLC (LSE:HILS) acquired Prolectric Services Limited for £18.2 million on March 2, 2021. The consideration is paid in cash on a debt and cash free basis. Cash of up to £5.7 million is payable conditional on Prolectric's achievement of financial performance targets in the 12 months post-acquisition. The total consideration will be funded from the Group's existing banking facilities. John Stephan, Alan Chan, Satvir Bungar and Ravi Jayawardena of BDO Corporate Finance LLP acted as financial advisor to Prolectric. Hill & Smith Holdings PLC (LSE:HILS) completed the acquisition of Prolectric Services Limited on March 2, 2021.