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
- Industry
- Building Products
- Location
- Northamptonshire, United Kingdom
- Transaction Type
- Divestiture
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