Core Capital Partners II LP
invests in Avonside
Avonside
UK's largest roofing contractor
OVERVIEW
Avonside is the UK's largest roofing contractor for the new housebuild market and leading contractor in the flat roofing market.
The business has grown both organically and through the completion of 19 acquisitions since the original MBO in 2003.
FACTS
Core Capital investment in 2017
Operates across 40 branches in the UK
Over 21,000 projects completed every year
Background
Avonside Story
The Management team led the original MBO in 2003 and has more than trebled the size of the business since then.
Avonside services clients across the UK through 40 branches, primarily specialising in residential, commercial and industrial roofing. Its clients span the major housebuilders, construction companies, local authorities, corporate end users and the public.
Progress
Company Progress
Core Capital invested in Avonside in 2017.
Since completing the investment, Avonside has acquired 9 businesses and there is a well developed pipeline of potential acquisitions.
Avonside partnered with Core Capital to help them accelerate growth.
Aug 2017
2017
Avonside acquires
Chartwell Roofing
Bracknell Roofing
2018
Avonside acquires
Tudor Roofing
Taylor Roofing
SBS Roofing
2019
Avonside acquires
Whites Plumbing and Heating
Mid Kent Roofing
Danescourt Roofing
Billsave
ESO Capital, the provider of hybrid capital solutions to small and medium-sized companies, is acquiring Core Capital. The enlarged business will invest across the capital structure, providing flexible capital solutions ranging from senior debt to equity for lower and middle-market European companies. For further information, please see www.esocapital.com or visit the news page on www.core-cap.com