Vale Brothers Limited acquired Davies Odell Ltd. from CEPS PLC (AIM:CEPS) on December 18, 2020. For the year ended December 31, 2019, Davies Odell reported revenue of £3.6 million and total common equity of £0.551 million. Andrew Gregory, the Managing Director of Davies Odell, is leaving the business to facilitate the merger, but has entered into a two-month part-time consultancy role from January 1, 2021 to facilitate an orderly handover. David Horner, Chairman of CEPS, will become a director of VBH representing CEPS' interests. James Caithie and Sandy Jamieson of Cairn Financial Advisers LLP acted as financial advisor to CEPS PLC.

Vale Brothers Limited completed the acquisition of Davies Odell Ltd. from CEPS PLC (AIM:CEPS) on December 18, 2020.