Dealmakers toast Head of Steam pubs takeover

Camerons Brewery acquires well-known Newcastle group

Watson Burton partner Duncan Reid, Sintons partner Matt Collen, Camerons Financial Director John Foots, and David Ward of UNW accountants
Watson Burton partner Duncan Reid, Sintons partner Matt Collen, Camerons Financial Director John Foots, and David Ward of UNW accountants

A team of Newcastle dealmakers has ensured customers at a string of iconic North East pubs can continue to enjoy traditional cask ales, craft beers and world lager this Christmas after they were acquired by the fast-expanding Camerons Brewery.

Experts at law firm Watson Burton, and business advisers and chartered accountants UNW, advised the Hartlepool-based brewery and pub operator on its recent acquisition of the Head of Steam pub group, which was represented by Sintons law firm.

The deal included well-known Newcastle pubs The Cluny in Ouseburn, Tilley’s on Westgate Road and the Head of Steam opposite Central Station.

It forms an important part of Camerons Brewery’s five-year growth strategy, taking the Camerons’ estate to over 75 sites throughout the North of England.

Camerons finance director John Foots said: “We have worked well on this assignment with our advisers UNW and Watson Burton. The team’s advice has been invaluable and we have experienced a seamless integration process as a result. 2015 will be our 150th anniversary and we look forward to celebrating our continued growth.”

UNW tax partner David Ward said: “It was great to act for Camerons in respect of their high-profile acquisition of these well-known pubs. The Head of Steam portfolio dovetails well with Camerons’ desire to grow their own brand offering throughout the North East and complements their existing estate really well.”

Head of corporate at Watson Burton, Duncan Reid, said: “This is an extremely exciting deal for Camerons Brewery, which we are thrilled to have acted upon. This is the first step in an exciting five-year growth plan for the company and we look forward to working with Camerons Brewery as it continues to develop its retail pub business across the North of England.”

Sintons Company and Commercial department partner Matt Collen added: “The Head of Steam group operates some of the best-known and loved venues in and around Newcastle - The Cluny and The Central in particular are well regarded around the region. We were very pleased to work with Tony on the sale of his business, and are confident the venues will continue to thrive.”

UNW and Watson Burton will continue to advise Camerons on its future expansion, as it looks to grow to an estate of 200 pubs within five years.

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