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Muckle help Premier Roof Systems expand with first acquisition

8th Feb 2021 | Corporate Finance
Muckle help Premier Roof Systems expand with first acquisition

Our corporate team has helped Premier Roof Systems (PRS) complete its first acquisition with the purchase of fellow North East-based Classic Windows.

The Jarrow-based company has achieved consistent year on year turnover and EBITDA growth, increasing its market share by expanding its product portfolio and through partnerships with market-leading manufacturers and suppliers.

Window of opportunity

PRS, which manufactures and supplies conservatory roofs, uPVC and aluminium roof lanterns, windows and doors and serves trade customers and homeowners nationwide, was founded in 2011 by directors Jamie Blackwood and Chris Mullen.  Managing director Pouya Bostani joined the company in 2018 as an equal shareholder.

This acquisition builds on an existing relationship between the two businesses with Classic Windows being a long-standing customer of PRS. 

It will also create a group of companies, with the acquired business continuing to trade under its recognised Classic Windows name, expanding the manufacturing and distribution capabilities of the two organisations.   

Opening doors to further growth

Classic Windows, which manufactures windows, doors and conservatories, was established 30 years ago by co-founders Andrew Peart and Joseph Walls.  Andrew will act as a consultant to the directors of PRS for 12 months to support the integration of Classic Windows.

It operates from a 10,000 sq ft freehold production facility in Stanley, County Durham.  Manufacturing will continue at the site alongside PRS’ existing 10,000 sq ft operation in South Tyneside.  

The new group will also benefit from Classic’s strategic partnership with international pvc profile manufacturer Rehau.

Classic is one of a small number of window manufacturers in the North East to hold distribution rights for Rehau and will enable PRS to expand the range of products it can offer to its customers locally and nationally.

‘Strong synergies’

Pouya Bostani, managing director at Premier Roof Systems, said: “As we continue to scale the business, we believed that this was the right time to make our first acquisition to support our positive organic growth. 

“I am really excited about working with the team at Classic Windows, who have built an excellent reputation in the market for high quality design and products.

“There are strong synergies between the two businesses, which will provide the opportunities for increased production volumes, efficient operations and a broader product range.”

‘Amazing’ – role of advisers acknowledged

Legal advice to PRS was led by solicitor Hayden Richards with support from partner Adam Rayner in our corporate team.

Advice on securing funding for the acquisition came from RGCF partner and head of corporate finance, Carl Swansbury and CF manager Connor McBride, with support from RG’s Accounts and Outsourcing director Dan Cooper and outsourced advisory assistant Rachael Best.

“Muckle and RGCF have been amazing advisers throughout the process,” Pouya added. “Without them, the deal would not have been possible.”

To find out how we can help your business grow, contact Adam Rayner on [email protected] or 0191 211 7962.

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