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.
Established over 20 years and based in the South East. Provides a broad range of services, including grab, plant and van hire, construction services, plumbing and drainage, brickwork, carpentry, painting and decorating, groundworks, fabrication and a...
LEASEHOLD
Good accreditations and member of quality schemes. Situated in the busy town of Rochdale with good road links. Long established and highly reputed business. Great reputation with regular and repeat trade. Offers invited.
FREEHOLD
We produce high quality landscape rock and products for large scale municipal projects. Encompassed with a successful commoditization of the rock product to the retail sector . Business includes well established wholesale and retail accounts
FREEHOLD
|
24
|
|
Jan
|
Hawkin’s Bazaar enters administration | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has...
|
23
|
|
Jan
|
MBO at Bristol-based media training firm | MBO/MBI
Mentor Media Training has been acquired by lead consultant D...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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...
|
26
|
|
Mar
|
CPP at risk of administration | ADMINISTRATION
Credit card insurer CPP is under pressure this week to meet ...
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