Fri, 01 Apr 2022 | BUSINESS SALE
Construction materials distributor Brickability Group has acquired roofing services contractors Beacon Roofing for a total consideration of £6.5 million. The acquisition follows Brickability’s August 2021 takeover of Hampshire-based roofer Leadcraft.
The total consideration reflects a 5.9x multiple of Beacon’s £1.1 million normalised EBITDA for the 12 months ending January 31 2022, generated on unaudited revenue of £8.9 million. The fee, which will be funded from existing Brickability resources, is payable through an initial £4.5 million payment and a £2 million deferred consideration, to be paid in cash over the coming three years.
Beacon Roofing was founded in 1993 and is based in Surrey. The company operates across the South East of England, predominantly working for developers, national house builders and luxury domestic projects.
Beacon Roofing’s services include planning, specification and installation, with the company working across a broad array of materials and finishes, including slate, clay tile, leadwork, fibreglass, zinc and photovoltaic (PV) solar panels.
AIM-listed Brickability, which is headquartered in Bridgend, expects the acquisition to be immediately earnings accretive upon completion, with Beacon Roofing strengthening its roofing services business, alongside the recently acquired Leadcraft.
Brickability CEO Alan Simpson commented on the deal: “Beacon is another great addition to our profitable Roofing Services division, further expanding our coverage in the South East. This acquisition follows the acquisition of Leadcraft, the Hampshire based roofing contractor in August 2021 which continues to perform strongly.”
Read more about how pressures currently impacting the UK construction sector could help drive M&A activity.
Find businesses for sale here.
If you are looking for an exit, we can help!
Opportunity to acquire a well-established groundworks and construction company with a strong client base and ongoing projects.
Exciting opportunity in the concrete reinforcement industry with huge growth potential.
Seeking immediate interest in the assets, goodwill, WIP, contracts, office & IT equipment of a high-end West London construction business.
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.