Cooper Parry Corporate Finance with colleagues from the Transaction Tax team have advised the Shareholders of SV Timber on the sale of their business to National Timber Group (NTG), a portfolio company of Cairngorm Capital Partners LLP.
Established in 2004, SV Timber is a specialist, independent timber merchant supplying an extensive range of timber materials to a broad range of trade and commercial customers, including joiners and manufacturers, from three branches across the Midlands. SV Timber has a strong reputation for outstanding service and quality, recently supplying the timber for the Commonwealth Games in Birmingham. SV Timber employs 50 people and, in 2021, achieved revenues of £17m.
This transaction is well-aligned with NTG’s strategy to become the leading, independent timber processing and distribution group in the UK, with a focus on value-added products and industry-leading margins. SV Timber fills a geographic gap in NTG’s existing branch network and further extends its customer reach within the Midlands.
SV Timber’s shareholders, Edward Holder and Richard Rowley, will remain with the business and continue to play leading roles in the integration and combined growth of the group going forward, including the relocation of SV Timber’s flagship site from Ilkeston to new, larger premises in Nottingham.
Rob Barclay, Group Chief Executive of National Timber Group said:
“We are delighted to welcome SV Timber to the Group – our shared expertise and commitment to our customers makes this an obvious and complementary partnership. Together, we will extend our range of services in the Midlands, improving our customers’ experience.”
Edward Holder added:
“As the founder of the business, I am extremely proud of what the team at SV Timber has achieved to this point. We know that the business is capable of achieving much more over the coming years. The priority was to find a partner with shared goals and values who would help us to fulfil the future potential. We were impressed with National Timber Group’s focus on product quality and its commitment to the highest standards of customer service. We are confident that we have selected the right partner and that SV Timber will continue to prosper within the enlarged Group.
The Cooper Parry team gave us fantastic support throughout the deal process, providing excellent technical support, managing all workstreams diligently and ultimately adding value. I would highly recommend Cooper Parry to any business looking at a potential transaction.”
Alex Ydlibi from the Corporate Finance team said of the deal:
“We’re delighted to have supported the SV Timber team on this deal with NTG.
The business’ success is a testament to the hard work of the team and its emphasis on building and maintaining excellent relationships. We’re excited to see its growth continue as it successfully transitions to an impressive new flagship site in Nottingham.
It was a pleasure to work with the SV Timber Team and we wish the business all the very best success as it moves forward under NTG’s stewardship.”
