TEAM plc (AIM:TEAM) agreed to acquire Thornton Associates Ltd for £2.5 million on May 31, 2023. Under the terms, TEAM will pay cash consideration of £1.1, and Earnout of £700,000 in cash and stock each. Thornton reported revenue of £0.75 million and Net Income of £0.22 million. The Hatstone Group acted as legal advisor, Shore Capital Markets Limited and Hannam & Partners (Advisory) LLP acted as financial advisors to TEAM plc.

TEAM plc (AIM:TEAM) cancelled the acquisition of Thornton Associates Ltd on December 27, 2023.