Benchmark International Advises on the Deal Between SigmaRoc and Topcrete Limited
Benchmark International is pleased to announce the sale of Topcrete Limited (inc Allen Concrete Limited) to SigmaRoc for a total deal value of £17.1m (including assets extracted by the sellers totalling £4.6m.
SigmaRoc Plc is an AIM listed company that invests in and operates new and existing construction material assets, in places where opportunity is greatest.
Chairman David Barrett said: “We are very pleased to welcome Allen Concrete to the SigmaRoc group, it has a solid history and is highly regarded in its sector. This is another step in our ambition to generate shareholder value while preserving the unique identity of the businesses we buy.”
Allen Concrete is a specialist precast concrete producer, that is best known for its high-quality wetcast and bespoke concrete products. Additionally, it supplies a wide range of clients ranging from builders’ merchants to major infrastructure operators, including Network Rail.
Nick Hulme, Managing Director, Benchmark International commented: “This deal represents the coming together of two great companies, with both the seller and buyer having extensive industry knowledge. A great transaction for all involved.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.