Prism Advise Milbank Group on 12th Acquisition

We are delighted to announce that the Prism team have advised rapidly growing investment company, Milbank Group, on its acquisition of precast concrete suspended flooring systems supplier, CUBE6 Limited. This is the 12th acquisition we have facilitated for the Group.

Milbank Group is a family-owned investment company with a diverse and rapidly growing portfolio of unique businesses. Their acquisition approach is long-term with a strong focus on great customer service and a supportive and inclusive working environment for staff. They are also striving to improve their businesses’ environmental and community impact and hope to influence others in those sectors to do the same. The Group, with headquarters in Colchester, Essex, includes businesses in agriculture, manufacturing, marketing, specialist retail and construction including concrete.

CUBE6 Limited, based in March, Cambridgeshire, designs, manufactures and supplies precast concrete suspended flooring systems – including traditional beam & block and advanced insulated thermal floor solutions – to the UK construction market. With the most comprehensive supply on the market, they can provide solutions tailored to each customer’s specific performance and budget requirements. The acquisition bolsters Milbank Group’s offerings across the UK flooring sector – adding CUBE6’s specialist supply-only expertise alongside Milbank Concrete Products’ full-service capability. Both CUBE6 and Milbank Concrete Products will continue operating independently.

Prism Corporate Broking (Prism) have been helping people to buy and sell businesses for over 20 years. They provide a variety of M&A related services and can advise clients throughout the entire sale or acquisition process. Prism worked closely with Milbank Group supporting their acquisition team with the identification of targets, through negotiations and due diligence, to the successful deal completion.

Sean Milbank, Chairman of Milbank Group, says “CUBE6 has built a reputation for reliability, technical expertise and excellent service. Their approach and values align perfectly with ours and we’re proud to welcome the team into our family of businesses. This was another smooth business purchase successfully facilitated by Prism, who are an intrinsic part of our acquisition team.”

Peter Watson, Managing Director of Prism, says “This is the 12th acquisition we have done with Milbank and it was completed in a tight timetable, aided by efficient provision of information by CUBE6. It is an excellent fit with Milbank Concrete Products and we look forward to seeing the business continue to shine within the wider Group.”

In addition to Prism, the acquisition was also supported by Birketts Solicitors and Scrutton Bland LLP Accountants for Milbank Group. Cube6 was advised by Taylor Rose Solicitors and Whitings LLP.

Find out more about our business acquisition service here: www.prismcorporatebroking.com/buy-a-business

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