Tue, 06 Jul 2021 | BUSINESS SALE
Rubicon Partners has announced the acquisition of timber import, distribution and manufacturing firm Consolidated Timber Holdings Group (CTHG). The acquisition is the fourth investment that Rubicon has made through its Fund V.
Companies within CTHG include Compass Forest Products, Falcon Panel Products, Hoffman Thornwood, MBM Forest Products, MBM Specialty Forest Products and Triesse. The group began with the founding of Compass Forest Products in 1985, followed by the formation of Falcon Panel Products in 1986.
In 1990, MBM Forest Products was acquired, at which time Consolidated Timber Holdings was founded as the group’s parent company. Hoffman Thornwood was then acquired in 2000, before Triesse was taken over in 2013. MBM Specialty Forest Products was founded in 2009. CTHG took on its current form following an MBO in 2017.
The deal sees the highly acquisitive Rubicon Partners acquire 100 per cent of CTHG’s share capital with the firm facilitating an agreed ownership-management transition. Four of CTHG’s five director-shareholders will remain with the group post-acquisition to provide continuity and assist in the transition over a period of two years.
Announcing the acquisition, Rubicon Partners said that it had taken over CTHG due to the market opportunities that the deal afforded and the significant potential to grow the group through investment in both its distribution and manufacturing operations.
Rubicon Partners also cited the growing popularity of timber products in the UK’s residential and commercial construction sector due to the material's sustainability.
Read more about M&A in the UK's construction sector.
Find businesses for sale here.
If you are looking for an exit, we can help!
Established for 35 years, founded on the principles of no hard sell, no cold calling and by having service standards second to none is why this business has stood the test of time since its first installation back in the late 80's.
Established high-end residential building and joinery specialist with impressive reputation. Client base operating from extremely well fitted industrial office and warehouse premises in excellent commercial location.
Long-established contractor with impressive reputation and client base offering a wide range of professional repairs, and maintenance to full new-build services.
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
03
|
May
|
BGF-backed asbestos services firm makes third acquisition | BUSINESS SALE
Environmental Essentials, a specialist asbestos services fir...
03
|
May
|
Logistics firm acquires pair of Derbyshire businesses | BUSINESS SALE
A logistics firm headquartered in Preston has acquired a pai...
16
|
Jul
|
Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE
A supply chain management company operating in the aviation ...
10
|
Jul
|
Rubicon Partners snaps up manufacturing giants as its 74th acquisition deal | BUSINESS SALE
Park Sheet Metal Company (PSM) has been taken over by invest...
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.