Geldards advise digital marketing agency RocketMill Employee Ownership Trust on majority share sale

Geldards, one of the leading advisors on Employee Ownership Trusts has advised the Employee Ownership Trust of digital marketing agency RocketMill on a majority share sale which completed in the run up to Christmas.

One of the UK’s fastest growing independent digital marketing agencies, RocketMill provides a full service across digital media, data analytics, strategy and creative and clients include some of the world’s highest-profile brands.

The award-winning agency has ambitious plans to be the UK’s most progressive agency and has achieved rapid growth.  Capitalising on the company’s growth and success to date, the sale to PMG, a leading US agency, secures the future of the business.

Geldards advised the RocketMill EOT trustees on trustee duties and responsibilities in respect of the transaction and helped guide the Trust through the deal.  Osbourne Clake acted on behalf of the sellers and Macfarlanes acted for the buyer.

Geldards Partner Debra Martin, who led the deal advising the trustees, said:

“Geldards has enjoyed working closely with the RocketMill EOT trustees to ensure all trustee duties were satisfied during the completion of the sale.  There were some complex issues for the trustees to work through and we were delighted to support them through this next important phase for the business.”

Sam Garrity, RocketMill founder and EOT trustee commented:

“Since our founding, our guiding principle has always been doing what’s best for our people. In PMG, we found a partner that shares our cultural values. Both businesses have been recognized for how we look after our teams and have maintained that focus throughout fast growth. By coming together, we’ve created a huge win for our employees, including a future full of wonderful career opportunities for all. The assistance we received as trustees from Geldards was invaluable in completing the sale.”