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 discount to the 11.1x average currently observed in the Business Services sector.

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