Benchmark International is pleased to announce the simultaneous acquisitions of PBSL Group and Securi-Flex by an MBI candidate, backed by private equity firm, Chiltern Capital.
PBSL Group is a specialist builders’ merchant, operating across four branches, and through four well-established e-commerce brands. Securi-Flex, along with affiliated company Discount Cable Supplies, is a leading importer and distributor of a vast range of specialist communication cables.
Chiltern Capital invests in growing lower mid-market companies in the UK and Ireland. Through the acquisitions of PBSL Group and Securi-Flex, Chiltern has created Assembuild Group, a leading online-led building products merchant and distributor.
The £30 million revenue group is growing at over 20% per year, taking advantage of its strategic positioning in underserved niche product categories and the online-led proposition.
Marcus Orchard, Group CEO, commented: “It was very refreshing to be working with a growth partner like Chiltern, as their approach was both structured and progressive. They immediately saw the potential for rapid and profitable sales growth in today’s dynamic building products market, with PBSL Group and Securi-Flex as the foundation.”
Joe Bennett, Investment Manager at Chiltern commented: “We are delighted to be supporting an ambitious management team in their focused strategy to be a leading building products merchant in a number of specialist categories. With our investment, the group is well positioned to accelerate its development into new product verticals, organically and inorganically, and to take advantage of the shift in the building products market to the online channel.”
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.