Bayfields Opticians eyes fifth acquisition
Leeds-based Bayfields Opticians has confirmed its fifth acquisition, buying Patterson Opticians in Wakefield for an undisclosed sum.
Shulmans commercial solicitors’ corporate lawyer Marcus Armstrong acted for Bayfields Opticians on the deal, which will see the existing team at Patterson, based on Wakefield’s Northgate, remain in position, taking the total number of employees at Bayfields to 31.
The acquisition puts Bayfields on target to meet its ambitious plan to have 50 outlets by 2025.
The company was launched in 2004 by optometrist and managing director Royston Bayfield, who won the UK Entrepreneur of the Year in the 2012 Business Excellence Awards and is also one of the Yorkshire Business Insider’s 42 under 42.
The practice, which was awarded Best Optical Health provider at the 2012 Leeds Therapy Awards, now has premises in Headingley, Yeadon, Pontefract, Wakefield and at the University of Leeds.
Royston Bayfield said: “We are delighted to have acquired Patterson Opticians, which is a well respected practice. Its ethos and attitude towards the customer experience is very similar to ours and the practice’s location in the centre of Wakefield takes us into a new geographical area.
“Our plan is to continue to acquire suitable businesses over the coming months and we look forward to working with the team at Shulmans to help facilitate the process.”
Marcus Armstrong added: “It is inspiring to work with such a dynamic and ambitious company as Bayfields, and it shows there are still entrepreneurs out there with strategic plans, continuing to grow their businesses.
“I have no doubt there will be news of future acquisitions for Bayfields in the not too distant future.”
This was posted in Bdaily's Members' News section by Mark Lane .
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