Grafton sells Plumbase
Tuesday, October 22, 2019 | NewsWe congratulate Grafton on the successful sale of Plumbase to Plumbing and Heating Investments Limited.
Plumbase is a leading UK specialist plumbing and heating merchant with a c100-year heritage. It operates 158 branches across the UK serving more than 25,000 customers, with particular strength in SMEs and sole tradesmen. The business generates revenues of £258m and EBITDA c£6m, with profitability increasing year-on-year. As part of PHIL, it will be the largest independent player in its market and the third largest specialist in the UK.
OC&C supported Grafton through vendor due diligence with the provision of a market report, leveraging our deep insight in building products and the built environment.
For more details on this transaction or OC&C's broader experience in this space, please contact our team.