Pannone Corporate has revealed its role on the sale of a Lancashire-based environmental and engineering company to Adler and Allan.

Detectronic, based in Colne, helps customers prevent flooding and reduce pollution. The company designs and manufactures a range of flow and level monitors for wastewater monitoring, including its LIDoTT range of sewer level monitoring devices.

Harrogate-based environmental services company Adler and Allan snapped up the business to further enhance its wastewater telemetry and monitoring capability.

Pannone’s corporate team advised the shareholders of Detectronic on the deal, with a team including corporate partner Tom Hall and senior associate Andrew Walsh, alongside Renee Neophytou and Lizzie O’Leary.

Hall said: “Since we first started working with the team at Detectronic more than a decade ago, the company has built up an unrivalled reputation for its innovative and creative approach to environmental services, with extensive experience in sewer and wastewater management.

“The business has achieved enormous success in recent years and the sale to a company of the ambition of Adler and Allan marks an important chapter in Detectronic’s growth journey. As a long-standing and trusted client, we look forward to seeing how the company flourishes under the expert stewardship of Adler and Allan.”

Phillips said: “PM+M has seen a real surge in transactions over the last few months, with Detectronic being the latest. We are delighted to have advised on this deal; Detectronic is a great Lancashire business and the synergies created as part of the acquisition will allow Adler and Allan to expand its market reach.

“It will add huge leverage and will enable the company to go from strength to strength. We wish them all the best for the future.”