UK-based home maintenance company Highbourne, an affiliated company of HIG Capital, has closed its acquisition of e-commerce retailer Plumbworld.
Based in Evesham, UK, Plumbworld specialises in selling affordable bathroom, kitchen, plumbing and heating products to consumers and trade customers.
The company has more than 160 employees and has served more than 1.7 million customers since its foundation.
The addition of Plumbworld is intended to strengthen Highbourne’s multi-channel capabilities for both trade and retail customers.
The financial terms of the transaction have not been disclosed.
Highbourne CEO Dave Evans said: “We are delighted to welcome Plumbworld into the Highbourne Group and see the business as highly complementary to our existing customer propositions.
“James Hickman and his management team have built a leading e-commerce platform and I look forward to working with them to accelerate their growth initiatives.”
Highbourne specialises in distributing plumbing, heating and bathroom products to trade customers, including local installers and larger contract accounts.
The company operates 350 branches across the UK and Ireland under its primary trading brands, City Plumbing Supplies (CPS) and Plumbing Trade Supplies (PTS), as well as other several specialist online outlets.
By acquiring Plumbworld, Highbourne aims to expand its footprint in these two countries without compromising its efforts to provide quality services and customer convenience.
Plumbworld CEO James Hickman said: “The integration of Plumbworld into the Highbourne Group is an exciting new chapter for our business.
“Dave (Evans) and the team at Highbourne are creating real momentum in the market and I see enormous potential for Plumbworld as part of that growth plan.”
HIG Capital principal Tobias Borkowski said: “We are very excited about the combination and look forward to partnering with James Hickman and his team.
“This is a transformational step in Highbourne’s digital strategy and will offer attractive opportunities to expand relationships with its suppliers and customers.”