Surestop
Manufacturing, Building Products
Andy Moore advised the shareholders of Surestop Ltd on the sale of the business to Polypipe Group plc, a UK-listed manufacturer of plastic pipe systems for residential, commercial, civils and infrastructure markets.
Deal Type
M&A
Value
Undisclosed
Sector
Manufacturing, Building Products
Year
2015
Country
UK
Running a targeted sale process to secure the right long-term home for the business.
Surestop manufactures and supplies an innovative range of plumbing products to homeowners, social housing providers, builders and plumbers’ merchants across the UK. The company is best known for its patented Surestop stopcock, a unique product designed to prevent water damage by allowing mains water to be turned off instantly at the flick of a switch. Owned by founders Alan Vurlan and Martin Dalton, Surestop delivered sustained double-digit growth over a number of years and continued to strengthen its market position under their strategic leadership.
As part of the transaction, the shareholders sought to secure the right long-term home for the business while supporting their retirement plans and ensuring continuity for the management team. Andy Moore was appointed to explore the shareholders’ strategic exit options and to run a targeted sale process.
Polypipe, which listed on the London Stock Exchange in 2014, is the largest manufacturer of plastic pipe systems in the UK and one of the ten largest in Europe. The acquisition of Surestop further strengthened Polypipe’s product portfolio with a differentiated, IP-led solution.
This is an excellent result for the shareholders of Surestop as it fitted perfectly with their retirement plans. We conducted global research to identify those buyers with the best strategic fit and after careful consideration, selected Polypipe as the preferred bidder.
Headpoint Advisors is a founder-led corporate finance firm advising business owners, investors and management teams on company sales, acquisitions and growth capital. With offices in Birmingham, London and Reading, Headpoint combines partner-led delivery with deep sector expertise and international reach.
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