Plumbworld Limited, one of the UK’s leading e-commerce specialists for bathroom, kitchen, plumbing and heating products, has been acquired by HIG Capital’s Highbourne Group.
Following a MBO backed by Panoramic Growth Equity in December 2018, Plumbworld, led by CEO and founder James Hickman, has grown with a “pureplay online business model and market leading customer proposition” with 1.7m customers served since inception.
The combination with Plumbworld will strengthen Highbourne’s leading omni-channel capabilities for both trade and retail customers, a statement said.
James Hickman, CEO and founder at Plumbworld, said: “Throughout the project we were very impressed by the Arrowpoint team. From identifying potential acquirers, preparation of marketing materials right through to final terms negotiation, they consistently added value. Perhaps most importantly they were able to keep us on track during the inevitable roller coaster ride that this sort of process entails.”