Highbourne Group (H.I.G.) Acquires Plumbworld Limited

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

May 20, 2021

Building Products

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.

H.I.G. Capital Makes Growth Investment in Homewerks Worldwide

May 13, 2021

Building Products

H.I.G. Capital affiliate completed a growth investment in Homewerks Worldwide, a Lake Bluff, Illinois-based developer, sourceer and marketer of kitchen, bathroom and plumbing home improvement products. The investment will partner H.I.G. with CEO Peter Berkman and management to fund new product development, expand sales, marketing and distribution capabilities, and pursue organic and inorganic growth across the fragmented home improvement market.

IBMG (Cairngorm Capital portfolio) Acquires Dougfield Plumbers Supplies

January 6, 2022

Building Products

Independent Builders Merchant Group (IBMG), a portfolio company of Cairngorm Capital Partners, has acquired Dougfield Plumbers Supplies Limited, a plumbers' merchant with 10 branches across South Wales and the South West. The acquisition is an add-on to IBMG's plumbing and heating division and extends the group's specialist offering into Wales and the South West while securing succession for Dougfield's management.

Homewerks Worldwide Acquires Shower and Specialty Plumbing Business from Waxman Consumer Products Group

March 31, 2022

Consumer Products

Homewerks Worldwide, LLC has acquired the Shower and Specialty Plumbing business from Waxman Consumer Products Group, adding showerheads, faucets, valves and packaged plumbing repair lines along with associated IP and transitioning employees. The deal expands Homewerks' product portfolio and builds on its growth strategy following a 2021 growth investment from H.I.G. Capital.

Independent Builders Merchant Group (IBMG) Acquires Sussex Plumbing Supplies

October 22, 2021

Building Products

Independent Builders Merchant Group (IBMG), a portfolio company of Cairngorm Capital Partners, has acquired Sussex Plumbing Supplies Limited, a Polegate-based plumbers' and heating merchant. The deal expands IBMG's specialist plumbing and heating offering into Sussex and Kent, preserves succession for owner Glenn Vinall (who will remain Managing Director) and strengthens IBMG's platform for further growth.

Neighborly Acquires Pimlico Plumbers

September 20, 2021

HVAC & Mechanical

Neighborly, the global home services franchisor based in Waco, Texas, acquired London-based Pimlico Plumbers, a leading residential and commercial service and maintenance company. Pimlico — founded in 1979 and operating with more than 400 associates and nearly $70 million in annual revenue — will join Neighborly's portfolio as a corporate-owned subsidiary to expand the company's international footprint.