Add-on Acquisition • Building Materials

Ferguson Acquires Puukeskus Oy

On February 12, 2014, Ferguson acquired building materials company Puukeskus Oy from Armada, Triton Partners and Ardian

Acquisition Context
  • This is Ferguson’s 7th transaction in the Building Materials sector.
  • This is Ferguson’s 1st transaction in Finland.

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M&A Deal Summary

Date February 12, 2014
Target Puukeskus Oy
Sector Building Materials
Buyer(s) Ferguson
Sellers(s) Armada
Triton Partners
Ardian
Deal Type Add-on Acquisition

Target Company

Puukeskus Oy

Helsinki, Finland
Puukeskus Oy is a market leader in the distribution of wood-based building materials in Finland.
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Buyer Overview 1

Buyer

Ferguson

Wokingham, United Kingdom

Category Company
Founded 1887
Sector Distribution
Employees35,000
Revenue 29.6B USD (2024)
DESCRIPTION

Ferguson is a distributor of plumbing and heating products and a leading supplier of building materials. Ferguson was founded in 1887 and is based in Wokingham, United Kingdom.


Deal Context for Buyer #
Overall 30 of 39
Sector: Building Materials 7 of 7
Type: Add-on Acquisition 28 of 37
Country: Finland 1 of 1
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-09 BMC Stock Holdings

Roswell, Georgia, United States

BMC Stock Holdings is a provider of building materials and construction services to professional home builders and contractors. BMC Stock Holdings was founded in 1922 and is based in Roswell, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Luxury for Less

Exhall, United Kingdom

Luxury for Less Ltd. (Bath Empire) is a online bathroom products retailer.

Buy -

Seller Profiles 3

SELLER

Armada

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Armada Mezzanine is an independent mezzanine firm focused on financing buyouts, recapitalizations, and expansions of small and medium-sized Nordic companies. Armada generally targets companies valued from €20 to €150 million with stable cash-flows, attractive growth opportunities, and sustainable competitive advantages. Sectors of interest include industrial products, services, and technology. Armada Mezzanine was established in 2000 and has offices in Helsinki and Stockholm.


Deal Context for Seller #
Overall 2 of 14
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 5
Country: Finland 2 of 3
Year: 2014 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-13 Duett

Tynset, Norway

Duett is a provider of SaaS solutions to professional accounting offices and their clients in Scandinavia. The company provides complete financial systems and operating solutions to a range of industries and companies with market leadership positions in agriculture, construction and real estate with more than 20,000 unique users. Duett was founded in 1982 and is based in Tynset, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-17 Vokes-Air Group

Sprockhovel, Germany

Vokes-Air Group is a leading manufacturer and supplier of air filters for use in a variety of commercial applications. With an extensive air filter product range we can select and provide the best performing air filters for you whether you operate a gas turbine, service a commercial building’s air conditioning system, work in a paint spray booth, are installing a hospital operating theatre or work in a semi-conductor clean room.

Sell -
SELLER

Triton Partners

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 21.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.


Deal Context for Seller #
Overall 15 of 57
Sector: Building Materials 2 of 3
Type: Add-on Acquisition 10 of 32
Country: Finland 1 of 3
Year: 2014 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 AVENTICS

Laatzen, Germany

AVENTICS GmbH is a manufacturer of pneumatics, marine technology, commercial vehicle technology, and inverted tooth chains. AVENTICS is based in Laatzen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Cubility

Sandnes, Norway

Cubility provides a cost-efficient and novel solution that simplifies the fluid cleaning system by replacing multiple components with one enclosed integrated system. Cubility was founded in 2005 and is based in Sandnes, Norway.

Buy -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


Deal Context for Seller #
Overall 83 of 248
Sector: Building Materials 9 of 13
Type: Add-on Acquisition 24 of 63
Country: Finland 1 of 1
Year: 2014 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Tomkins

London, United Kingdom

Tomkins is a global engineering and manufacturing leading group. This American company manufactures a variety of products for the industrial, automotive and building products market focusing on energy-efficiency and green products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-17 Claritev

McLean, Virginia, United States

Claritev is a provider of technology-enabled healthcare cost management solutions. Claritev provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse, and fraud before payments are made. Claritev was founded in 1980 and is based in McLean, Virginia.

Buy $4.4B