Posted 7th January

Plumbworld completes MBO from Grafton Group

By KBBDaily on 7th January 2019 - 13:03pm
bathroom, money matters, investment, mbo, management buyout, private equity, plumbworld, grafton group, panoramic growth equity, kbb, kbbdaily

Evesham-based online bathroom products retailer Online Home Retail Limited – trading as Plumbworld – has completed a management buyout – MBO – from builders’ merchant Grafton Group Plc.

Private equity firm Panoramic Growth Equity has invested in the company as part of the MBO. The investor typically invests between £1m and £5m, with the deal being led for the firm by partner David Wilson and supported by investment director David Atkinson.

One of Plumbworld’s original founders, James Hickman, pictured, led the MBO and noted that “being independent will allow the business to take advantage of new opportunities in the online bathroom marketplace”.

Hickman founded the business in 1999, before selling it to Grafton Group in 2006. According to Plumbworld, it generated more than £26m in annual revenue and has served more than 1.5 million customers since its inception.

“The e-commerce consumer market is very fast moving and intensely competitive,” said Hickman. “It requires quick decision-making, calculated risk-taking and a ruthless focus on eliminating avoidable costs. We believe being independent will offer us greater agility and enable us to focus 100% of our efforts on delivering growth and improving profitability.”


Related articles

Our top five bathroom picks from ISH 2019

Posted yesterday - 11:00am |

kbbEDIT: Products brings you a selection of the most stunning and design-led bathroom products that were unveiled at ISH 2019

IDS releases updated Surface Solutions Guide

Posted Friday |

The 80-page brochure is aimed at retailers, manufacturers and contractors and is ‘rich with images’

TUKC ups the ante for its Greatest Green Showroom search

Posted Friday |

The company is doubling points for showrooms who recycle their ex-displays in peak home renovation seasons

Masterclass Kitchens welcomes new area sales manager

Posted Friday |

Fran Liston will be responsible for East Anglia and North London in her new role


in the spotlight

CRL Stone launches 6 new materials of Ceralsio ceramic

popular articles

Kitchen firm Warendorf – Die Küche files for insolvency

Omega Plc welcomes Countess of Wessex to plant