SIP Building Systems Ltd (SBS) has successfully completed the multi-million pound acquisition of SIP Build UK (SBUK Group) – creating the UK’s market leading independent provider of Structural Insulated Panels (SIPs).
This strategic acquisition brings together three of the UK’s most established SIP businesses, SBS, SIPCO and SIP Build UK (SBUK group) – forming a larger operation with over 50,000ft2 of manufacturing facilities, enhanced technical and design capability, increased production capacity and national reach.
Established in 2004, Liverpool based SBS has grown rapidly to become one of the UK’s leading manufacturers of SIP systems. Operating across a diverse range of sectors including residential, commercial and leisure developments, together with military infrastructure, modular buildings and temperature-controlled environments.
The award winning SIP Build UK (SBUK Group) based in Normanton, West Yorkshire brings together the specialist brands SIP Build UK, Frame Build UK and Clad Build UK. This combined capability creates a powerful end-to-end offering, enabling the Group to design, engineer, manufacture and install high-performance, thermally efficient structural timber buildings at scale.
With the UK Government targeting the delivery of 1.5 million new homes over the current Parliament, the drive towards net zero and the Future Homes Standard, the need for fast, offsite, high-performance and energy-efficient construction solutions has never been greater.
With traditional construction now struggling with skilled labour and future performance requirements, the acquisition provides a larger platform to meet these demands. Combining increased manufacturing capacity with the proven benefits of SIPs, speed of construction and high thermal performance whilst benefitting from the quality control of the offsite manufacturing (MMC).
Peter Barr, Managing Director of SIP Building Systems, said: “This acquisition is an important step in the continued growth of SBS.
Bringing SBS, SIPCO and SIP Build UK(SBUK Group) together creates a business with greater manufacturing capacity, broader technical capability and a wider range of solutions for our customers. The combined group is well placed to support projects of all sizes, from individual homes through to large-scale residential and commercial developments.
SIP Build UK (SBUK Group) has an excellent reputation within the industry and we are excited about the opportunities that bringing our businesses together will create for customers, employees and partners. Customers, suppliers and project partners will continue to work with their existing contacts, while benefiting from the enhanced capability and resources of the wider group.”
Chris Duckworth, Managing Director of SIP Build UK (SBUK Group) said: “This acquisition combines two of the leading providers in the UK SIPs market, creating a business with greater control of its supply chain. I am extremely proud of the SBUK team and am sure that Peter and SBS will drive the business and market forward at pace”.
DSW Corporate Finance acted as lead buy-side advisor to SIP Building Systems throughout the transaction.
Koo Aseeley, Partner at DSW Corporate Finance, said:
“We are proud to have worked closely with Peter and the SBS team on this acquisition. The transaction brings together complementary businesses and creates a great platform for growth.”
DSW Corporate Finance advised SIP Building Systems on the acquisition, while Smailes Goldie acted as lead adviser to SBUK Group.
