H.I.G. Capital to Acquire Travis Perkins Plc's Plumbing & Heating Business

May 20, 2021

H.I.G. Capital has signed a definitive agreement to acquire Travis Perkins Plc's Plumbing & Heating business (P&H) in a divestiture valued at approximately £325 million. The carved-out business, which trades under City Plumbing Supplies and Plumbing Trade Solutions and operates more than 350 branches across the UK and Ireland with over 3,000 employees, will be transitioned to an independent company to accelerate customer-focused growth under H.I.G.'s ownership.

Buyers
H.I.G. Capital
Targets
Travis Perkins Plc Plumbing & Heating business (P&H)
Sellers
Travis Perkins Plc
Location
Northamptonshire, United Kingdom
Transaction Type
Divestiture

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