Barwick Bathroom Distribution has announced its acquisition by private equity investor TPA Capital.
The acquisition follows the retirement of original founders John and Michael Barwick. The business will continue to operate under the stewardship of the existing management team, led by managing director Gary Campbell.
The investment follows a period of growth for Barwick, and the distributor says the partnership with TPA will “ensure Barwick is in prime position to continue to capitalise on the opportunities evident in the market”.
Barwick joins TPA Capital’s diverse portfolio of investments that comprise both UK and international SMEs across a range of sectors.
Ravi Aujla, investment director at TPA Capital, said: “We are delighted to be partnering with the team at Barwick during a very exciting time for the business and industry. Barwick has an enviable list of customers and suppliers supporting the business and, along with the highly skilled management team, we are looking forward to seeing the business continue to grow for the benefit all stakeholders. In our review of the market, we came to see that Barwick is best in class, with an enviable brand position, which we are confident will continue going from strength to strength.”
The Yorkshire-based company appointed Campbell as managing director back in 2015 when the Barwick brothers moved to share the role of chairman. Formerly with Manhattan Showers, Campbell said he is “filled with respect and excitement” regarding the two founders’ retirement and the subsequent TPA acquisition.
He added: “I’ve known the Barwick brothers for over 25 years, and it was an honour to join the company six years ago. For the brothers to navigate an independent business through an ever-changing UK economy for nearly 40 years, and be successful, is no mean feat and the legacy that Michael and John leave is one to be admired.
“The strategy behind this investment was to ensure Barwick retained its independence, free from any group or trade pressures, ensuring our only focus is what’s best for our customers, whether that be retail or merchant. The message for all – be that employees, suppliers, or customers is business as usual. We very much look forward to building on our success alongside TPA as well as the suppliers and customers we are fortunate to partner with.”