TPA Capital has invested in Bradford-based Barwick Bathroom Distribution, a UK B2B distributor of premium bathroom products.
Founded almost 40 years ago, Private Equity investor TPA Capital has acquired the business from the original founders, John and Michael Barwick, who have put a talented team in place to lead the continued success of the business.
The transaction comes on the back of significant growth in recent years, underpinned by a buoyant market for home improvements. TPA’s investment will support the business as it continues to grow through expansion into new geographies as well as increased penetration in existing markets, leveraging Barwick’s strong brand, partnerships and product portfolio.
TPA will support the team in building on John and Michael’s legacy, utilising experience from investing in adjacent sectors and supporting transitions from private ownership.
RSM’s corporate finance partner Steve Hubbard and associate director, James Atkinson, advised Barwick Bathroom Distribution on the sale. Paul Mann, Louise Parker, Josh Headley and Patrick Ford from Squire Patton Boggs provided TPA with legal and tax structuring advice. Debt advisory services were provided by RSM’s debt advisory partner Gregory Morton.
Steve Hubbard, corporate finance partner at RSM UK, said: “We are delighted to have advised a strong business as it transitions to the next chapter in its development. I am confident that with its quality management team, market position and the strategic advice from its new investor the business will continue to develop and grow.”
Paul Mann, partner and European head of private equity at Squire Patton Boggs, said: “We are pleased to have played a part in a transaction supporting a strong Yorkshire business as it looks to the future. With the investment from TPA Capital, Barwick will be in a good position to continue developing its existing business, whilst taking the opportunity to expand into new markets.”
Gary Campbell, Managing Director of Barwick, said “We are excited to be partnering with TPA on the next stage of our growth journey. Having known the Barwick brothers for over 25 years, as well as having had the honour of leading their business over the last six, I’m delighted that we have the opportunity to build on their legacy with TPA’s support.
“TPA’s investment allows us to remain an independent distributor with a reputable brand that will continue going from strength to strength.”
KPMG’s Financial & Tax due diligence team led by Richard Dwight and Gareth Wainwright; and PMSI’s Commercial due diligence team led by Gareth Elliott also advised TPA. Ward Hadaway’s Adrian Balham, Jonathan Pollard and Olivia Brown provided legal advice to Barwick Bathroom Distribution.
