SBUK Group: Yorkshire firm acquired by SIB Building Systems in multi-million pound deal
Yorkshire-based SBUK Group has been acquired by SIB Building Systems in a multi-million pound acquisition.
Based in Normanton, West Yorkshire, SBUK Group comprises the SIPBuildUK, CladBuildUK, and FrameBuildUK brands.
The group designs and manufactures high performance, thermally efficient buildings.
The acquisition, which was advised by DSW Corporate Finance’s Cardiff office, was made for an undisclosed sum.
Speaking on the announcement, Peter Barr, managing director at SIP Building Systems Ltd, said: “This acquisition is an important step in the continued growth of SIB Building Systems.
“Bringing SIB Building Systems and SBUK Group together creates a business with greater manufacturing capacity, broader technical capability and a wider range of solutions for our customers.
“The combined group is well placed to support projects of all sizes, from individual homes through to large-scale residential and commercial developments.”
SBUK Group has worked on a number of notable schemes in reent years, including the extension of Harrogate’s Police Treatment Centre in 2022 and the Hugh Webster Place affordable housing scheme in Hull, also in 2022.
Established in 2005, Widnes-based SIB Building Systems is a manufacturer of Structural Insulated Panels (SIP), covering sectors including housing, commercial, leisure homes, military solutions, modular buildings and cold stores.
SIB Building Systems is part-owned by Cardiff-based Resource Limited, the family office of the late Nick Williams OBE.
The firm said the acquisition would create a “scaled platform with enhanced technical capability and expanded market reach”.
The transaction was supported by a multi-million pound funding package from HSBC. The financing combined acquisition funding with property-backed lending.
DSW Corporate Finance acted as lead buy-side advisor to SBS, supporting deal structuring, lender engagement and negotiation of key commercial terms through to completion.
The deal team was led by Koo Aseeley, supported by Benjamin Nix.
Speaking on the deal, Mr Aseeley, who is a partner at DSW Corporate Finance, added: “We worked closely with the SBS team to deliver a strategic acquisition that meaningfully strengthens their market position.
“Bringing together SBS and SBUK Group creates a compelling, scaled proposition in the modern methods of construction space, and we’re proud to have played a key role in shaping both the deal structure and the funding solution.”
Legal advice on the deal was provided by Geldards Law, with tax advisory support from Kilsby Williams.