TI MIDWOOD & CO acquired by BUFAB
Context
Bufab has successfully finalized the acquisition of all outstanding shares in TIMCO, a move that represents the largest transaction in the group’s history to date. This strategic expansion significantly bolsters the organization's presence in the British and Irish markets, incorporating a highly reputable brand with a dominant position in the construction C-parts segment. The rationale for the move centers on the integration of a specialized "one-stop-shop" platform that provides immediate access to an extensive network of over 4,500 independent merchants. By combining the target’s entrepreneurial DNA and merchant-focused expertise with the group’s global supply chain infrastructure, the partnership aims to accelerate regional growth and broaden the overall service offering. The integration allows for substantial cross-selling opportunities within the construction industry, particularly across safety-critical fasteners and site equipment. Furthermore, the deal reinforces the group’s commitment to consolidating fragmented technical distribution markets while maintaining high standards of customer service.
TI MIDWOOD & CO, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
TIMCO is a market-leading trading company and a premier "one-stop-shop" supplier for independent merchants within the construction industry. The organization’s business model is centered on the high-volume distribution of essential C-parts, including fasteners, screws, fixings, and specialized building hardware. Its value proposition is built on providing trade professionals with a comprehensive range of mission-critical products, spanning adhesives, power tool accessories, site protection, and personal protective equipment (PPE). Strategically, the entity focuses on maintaining an extensive product portfolio to serve thousands of independent merchants across the UK and Ireland. The firm prioritizes operational excellence and customer service, leveraging its deep industry knowledge and efficient logistics network to ensure reliable product availability. As a long-standing partner to the construction trade, the organization facilitates daily building operations through its specialized inventory management and merchant-focused support services.
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Historical Financials (GBP)
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REFERENCES
Valuation range: EV 50M - 150M GBP
Revenue range: 50M - 100M GBP
EBITDA range: 5M - 25M GBP
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).