HIG Capital’s Highbourne Group completes acquisition of Plumbworld

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LONDON–(BUSINESS WIRE)–HIG Capital, LLC (“HIG”), a leading global alternative investment firm with $48 billion in equity under management, today announced that its affiliate holding company, Highbourne Group Limited ( “Highbourne”), has completed the acquisition of Plumbworld Limited (“Plumbworld”), a leading UK e-commerce specialist in bathroom, kitchen, plumbing and heating products.

The combination with Plumbworld will strengthen Highbourne’s core omnichannel capabilities for business and retail customers. Plumbworld’s proposition is highly complementary to Highbourne and will enable the group to expand its presence in the UK and Ireland, whilst maintaining its commitment to providing the highest quality services and convenience to its customers.

Dave Evans, CEO of Highbourne, said: “We are delighted to welcome Plumbworld to the Highbourne group and see the business as highly complementary to our existing client offerings. James Hickman and his leadership team have built a leading e-commerce platform and I look forward to working with them to accelerate their growth initiatives. »

James Hickman, CEO and Founder of Plumbworld, added: “The integration of Plumbworld into the Highbourne group is an exciting new chapter for our business. Dave and the team at Highbourne are creating real momentum in the market and I see huge potential for Plumbworld as part of this growth plan.

“We are very excited about this combination and look forward to partnering with James Hickman and his team,” said Tobias Borkowski, HIG Director. “This is a transformational step in Highbourne’s digital strategy and will provide exciting opportunities to expand relationships with its suppliers and customers.”

About the Highbourne Group

Highbourne Group is one of the UK’s leading specialist distributors of plumbing, heating and bathroom products. Highbourne operates under its main trading brands City Plumbing Supplies (CPS) and Plumbing Trade Supplies (PTS), alongside several specialist online outlets with a variety of product offerings. The Company operates a network of approximately 350 branches across the UK and Ireland with products primarily sold to professional customers, including local installers and larger contract accounts, through a multi-channel offering. (retail collection via showrooms or commercial counters, click & collect, delivery), as well as, to a lesser extent, directly to consumers. For more information visit: https://www.cityplumbing.co.uk.

About Plumbworld

Plumbworld is one of the UK’s leading online retail platforms for bathroom, kitchen, plumbing and heating products at affordable prices for consumers and business customers. Founded in 1999 and based in Evesham, England, Plumbworld has over 160 employees who have served over 1.7 million customers since its inception. For more information visit: https://www.plumbworld.co.uk.

About HIG Capital

HIG is one of the world’s leading alternative asset investment firms with $48 billion in equity under management. * Based in Miami and with European offices in London, Hamburg, Madrid, Milan, Paris and US and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, using a flexible and operations-focused/value-added approach. Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit the HIG website at www.highcapital.com.

* Based on total capital commitments managed by HIG Capital and its subsidiaries.

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