Tue, 11 Dec 2018 | BUSINESS SALE
A Wrexham-based concrete products and quarrying company is set to be snapped up by a company headquartered in London in a deal that is estimated to be worth £15.2 million.
CCP Building Products, with trading operations across the North West of England and in northern Wales, will be acquired by its counterpart SigmaRoc.
Accounts show that in the year finishing on 31 August 2018, CCP’s revenues were at £20.9 million and its adjusted EDITDA (earnings before interest, tax, depreciation and amortisation) were £2.6 million.
Although the company will undergo the acquisition process, CCP’s original management team will remain in place to continue with the business.
Executive Chairman of SigmaRoc, David Barrett, said: "We are about to close out a year of significant further development of the group. The acquisitions made in 2017 are performing very well.
"We expect CCP will be an excellent addition to the group, value accretive for shareholders and the right next step overall.”
To finance the acquisition, SigmaRoc raised its credit facility with Santander from £14 million to £34 million, whilst also striking a deal to refinance its “favourable” convertible loan notes.
Further commenting on the acquisition, chief executive officer Max Vermorken said: "Invest, improve, integrate - it is a strategy which is already delivering strong results and will continue to do so. CCP will be a great fit in our journey, immediately accretive and a truly excellent addition to the group.
"CCP's management team will continue to drive its performance and continue the growth of an already very impressive business."
For more news stories about acquisitions, click here. For all our business for sale listings, click here.
This business makes cast stone products for sale into the construction, architectural and monumental masons business sectors. They have a healthy product mix that serves multiple markets and a diverse product range that attracts enquiries from across...
This independently owned scaffolding contractor was formed in 2007. Managed by two directors and a small management team, it has more than 45 years of management experience in the Industry.
The business has been solving access problems for its industrial, commercial and domestic clients since 1977. The company hires and erects aluminium scaffold towers, bridging units, cantilever and facade scaffolding plus staircases. All scaffold towe...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
19
|
Aug
|
Nursery group acquires three sites as acquisition push gathers pace | BUSINESS SALE
Kettering-based nursery group Kindred Education has acquired...
22
|
Sep
|
Recruitment outsourcing company acquired in MBO | MBO/MBI
A recruitment outsourcing business based in Knutsford, Chesh...
23
|
Jan
|
Monitise business up for sale | BUSINESS SALE
UK mobile payments company Monitise has appointed advisers t...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.