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Travis Perkins divests specialist heating and plumbing brands

Heating and Ventilation News
Building merchant announces it has sold off its specialist retail brands supporting the heat sector as part of a major restructuring of its trade operations
Travis Perkins has announced it will be selling off its UK plumbing and heating distribution business as part of a £325m deal with investment firm H.I.G. Capital.
The deal is expected to see Travis Perkins divest the operations that primarily trade under the brands City Plumbing Supplies (CPS) and Plumbing Trade Solutions (PTS) as part of a broader restructuring of its operations. H.I.G. Capital will obtain 350 branches across the UK and Ireland alongside several specialist online distributors that includes The Underfloor Heating Store, Direct Heating Spares, PlumbNation, and National Shower Spares. ....

United Kingdom , Dave Evans , Travis Perkins , Tobias Borkowski , Plumbing Trade Solutions , National Shower , Underfloor Heating , City Plumbing Supplies , Underfloor Heating Store , Direct Heating Spares , ஒன்றுபட்டது கிஂக்டம் , டேவ் எவன்ஸ் , டிராவிஸ் பெர்கின்ஸ் , தேசிய மழை , நகரம் ப்லம்‌பிஂக் பொருட்கள் , நேரடி வெப்பமாக்கல் உதிரிபாகங்கள் ,

Builders' Merchants News - Travis Perkins sells Plumbing & Heating business

Travis Perkins sells Plumbing & Heating business
25 May, 2021
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Investment firm H.I.G. Capital has announced its intention to acquire Travis Perkins’ Plumbing & Heating (P&H) business.
The transaction, which is valued at approximately £325 million, is expected to be completed within the next three months, following regulatory approval.
Headquartered in Northamptonshire, P&H operates under the trading brands City Plumbing Supplies (CPS) and Plumbing Trade Solutions (PTS) with over 350 branches across the UK and Ireland, alongside several specialist online outlets including The Underfloor Heating Store, Direct Heating Spares, PlumbNation, and National Shower Spares.
The Company, led by Dave Evans and supported by an experienced senior leadership team, serves trade customers and consumers across the residential and commercial construction categories. ....

United Kingdom , Dave Evans , Travis Perkins , Markus Noe Nordberg , Tobias Borkowski , Plumbing Trade Solutions , National Shower , Underfloor Heating , Travis Perkin Plumbing , City Plumbing Supplies , Underfloor Heating Store , Direct Heating Spares , Managing Director , European Middle Market , ஒன்றுபட்டது கிஂக்டம் , டேவ் எவன்ஸ் , டிராவிஸ் பெர்கின்ஸ் , தேசிய மழை , நகரம் ப்லம்‌பிஂக் பொருட்கள் , நேரடி வெப்பமாக்கல் உதிரிபாகங்கள் , நிர்வகித்தல் இயக்குனர் , ஐரோப்பிய நடுத்தர சந்தை ,

Builders' Merchants News - Travis Perkins sales Plumbing & Heating business

Travis Perkins sales Plumbing & Heating business
25 May, 2021
SHARE
Investment firm H.I.G. Capital has announced its intention to acquire Travis Perkins’ Plumbing & Heating (P&H) business.
The transaction, which is valued at approximately £325 million, is expected to be completed within the next three months, following regulatory approval.
Headquartered in Northamptonshire, P&H operates under the trading brands City Plumbing Supplies (CPS) and Plumbing Trade Solutions (PTS) with over 350 branches across the UK and Ireland, alongside several specialist online outlets including The Underfloor Heating Store, Direct Heating Spares, PlumbNation, and National Shower Spares.
The Company, led by Dave Evans and supported by an experienced senior leadership team, serves trade customers and consumers across the residential and commercial construction categories. ....

United Kingdom , Dave Evans , Travis Perkins , Markus Noe Nordberg , Tobias Borkowski , Plumbing Trade Solutions , National Shower , Underfloor Heating , Travis Perkin Plumbing , City Plumbing Supplies , Underfloor Heating Store , Direct Heating Spares , Managing Director , European Middle Market , ஒன்றுபட்டது கிஂக்டம் , டேவ் எவன்ஸ் , டிராவிஸ் பெர்கின்ஸ் , தேசிய மழை , நகரம் ப்லம்‌பிஂக் பொருட்கள் , நேரடி வெப்பமாக்கல் உதிரிபாகங்கள் , நிர்வகித்தல் இயக்குனர் , ஐரோப்பிய நடுத்தர சந்தை ,