MBH Corporation plc has today completed its first acquisition after the up-list to the Prime Market of the Dusseldorf Stock Exchange and a dual listing onto the Frankfurt Stock Exchange.
MBH Corporation plc is pleased to welcome du Boulay Contracts Ltd to the Construction Services Group of MBH Corporation plc, purchasing 100% of the share capital to be the second company to join the Construction Services group, following the acquisition of Cape Ltd in September 2018. MBH expects this acquisition to be earnings per share (“EPS”) accretive, with the company generating £6.4m in revenue for the year ended 31 March 2018.
du Boulay has a strong reputation in the United Kingdom for delivering quality fit-outs in the Commercial sector, mainly in Food & Beverage industry. The Company has built up an enviable reputation over nearly 40 years in the field of fitting out high end premises. Their portfolio also features restaurants, bars, pubs and nightclubs. In addition, the Company have fitted out many offices, casinos, hotels, airport lounges, and high street multiple units nationwide & in Europe.
David du Boulay, Founder of du Boulay Contracts Ltd commented- “The attraction of the financial strength associated with being part of a listed company and the Agglomeration model, whilst maintaining the ethos and entrepreneurial, family culture within du Boulay is the reason we had no hesitation about joining MBH Corporation plc. We look forward to working with our fellow founders with a shared goal of creating even more shareholder value.”
Coupled with the existing company, Cape Ltd, in the construction group, du Boulay Ltd will continue to grow MBH Corporation plc’s global footprint and expand the services provided in this industry across the value chain.
Callum Laing, Chairman MBH Corporation plc – “MBH are pleased to welcome du Boulay Contracts Ltd into our Construction Services vertical. The acquisition of du Boulay Contracts plc is in line with MBH’s strategy of acquiring excellent small businesses in an accretive manner to enhance shareholder value. This is not only a fantastic business with a great client base but it brings in an experienced management team who are excited to grow the business within the group.”
About MBH Corporation plc
MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable, debt free and looking to scale.
By leveraging the Agglomeration 2.0 strategy, MBH Corporation plc is able create substantial shareholder value through the consistent, accretive, acquisition of excellent companies.
For more information, please visit: www.mbhcorporation.com (end)
10 Leighton Lodge, 15 Branksome Wood Road
BH2 6BX Bournemouth
|contact person:||Eva Reuter|
|phone:||+49 177 60 58 804|
|stock exchanges:||free market in Dusseldorf, open market (free market) in Frankfurt|
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