M&A Deal Summary

Bay Tree Private Equity Acquires Hawco

On March 29, 2023, private equity firm Bay Tree Private Equity acquired distribution company Hawco from Diploma

Acquisition Highlights
  • This is Bay Tree Private Equity’s 2nd transaction in the Distribution sector.
  • This is Bay Tree Private Equity’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-03-29
Target Hawco
Sector Distribution
Buyer(s) Bay Tree Private Equity
Sellers(s) Diploma
Deal Type Divestiture

Target

Hawco

Godalming, United Kingdom
Hawco is a distributor of components for commercial refrigeration, air-conditioning, vending, and industrial markets. Hawco was established in 1973 and is based in Godalming, England.

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Buyer(S) 1

DESCRIPTION

Bay Tree Private Equity is a private equity firm that specializing in investing in privately owned UK-based businesses with underlying profits between £2 and £10 million. The firm focuses on owner transitions, management buyouts, and providing growth capital to entrepreneurial companies across various sectors, including distribution, healthcare services, and consumer goods. Bay Tree Private Equity was formed in 2017 and is based in London.


DEAL STATS #
Overall 2 of 3
Sector: Distribution M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Prime Light Electrical

London, United Kingdom

Prime Light Electrical is a distributor of specialist high-calibre components to the lighting industry and other markets, including the transportation and catering sectors. Prime Light Electrical was founded in 1992 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 ABL Health

Bolton, United Kingdom

ABL Health is a provider of community healthcare and wellbeing services across the North of England. ABL Health providing a range of innovative, evidence-based, healthy lifestyle, behavioral change, and wellbeing programs including weight management, nutrition support, and smoking cessation. ABL Health was founded in 2009 and is based in Bolton, United Kingdom.

Buy -

Seller(S) 1

SELLER

Diploma

London, United Kingdom

Category Company
Founded 1931
Sector Distribution
Employees3,300
Revenue 1.4B GBP (2024)
DESCRIPTION

Diploma is a distributor and supplier of specialized technical products and services. Diploma was founded in 1931 and is headquartered in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-17 TIE

Clinton Township, Michigan, United States

TIE is specialized in the repair, refurbishment, and replacement of industrial electronic parts. TIE was founded in 1992 and is based in Clinton Township, Michigan.

Buy -