Prism Support Investment Group Through 11th Acquisition
We are pleased to announce that the Prism team have supported rapidly growing investment company, Milbank Group, through its acquisition of independent distributor of lintels and other structural building materials, London Lintels Ltd. This is the 11th 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, includes businesses in the construction, agriculture, manufacturing, marketing and specialist retail sectors.
London Lintels, based in Winchester, is a leading independent distributor of steel and concrete lintels, structural building materials and associated accessories. The company has established itself as a trusted supplier to builders, developers and merchants across London and the South, offering an extensive product range and fast delivery service. Its reputation for product knowledge, customer service and reliability has positioned it as a key partner in the construction supply chain.
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 “London Lintels is a great fit for the construction products part of our group. Their expertise in navigating this sector aligns well with our ethos of operational excellence and service leadership. Prism have now guided us through eleven acquisitions and we are very happy to continue working with their M&A experts on future deals.”
Steve Barnett, continuing Managing Director of London Lintels, says “I’m proud of what we’ve achieved at London Lintels and delighted to be joining the Milbank Group. This is an exciting new chapter for us, and we’re eager to build on our success with the backing of a supportive and forward-thinking group.”
Robert Fiske, Director of Corporate Finance at Prism says “As always, it’s been a pleasure working with Milbank. They are a seasoned acquiror with great clarity of thought and vision which is coupled with an integrity that clearly resonates with prospective sellers. This is the 11th acquisition we have done with them and we have no doubt that under their leadership it will go on to thrive along with their other Group companies.”
In addition to Prism, the acquisition was also supported by Birketts Solicitors and Scrutton Bland Accountants for Milbank Group. London Lintels was advised by K3 Law and Branston Adams Chartered Accountants.
Find out more about our business acquisition service here: www.prismcorporatebroking.com/buy-a-business
Book a 1-to-1 Chat to discuss your M&A plans here: www.prismcorporatebroking.com/1-to-1-chat