Barwick has announced that the business has received investment from TPA Capital, a UK mid-market private equity investor. The news follows John and Michael Barwick’s decision to retire from the industry. The business will continue to operate under the stewardship of the existing management team, led by MD Gary Campbell.
The team says they intend to build on the strong foundations laid under John and Michael’s ownership as the business moves to the next chapter of its growth story while remaining under independent ownership.
The investment comes on the back of a period of reportedly unprecedented growth and the company says the partnership with TPA will ensure Barwick is in a prime position to continue to capitalise on the opportunities evident in the market.
Ravi Aujla, investment director at TPA Capital, states, “We are delighted to be partnering with the team at Barwick during a very exciting time for the business and industry. Barwick has an enviable list of customers and suppliers supporting the business and, along with the highly skilled management team, we are looking forward to seeing the business continue to grow for the benefit of all stakeholders. In our review of the market, we came to see that Barwick is best in class, with an enviable brand position which we are confident will continue going from strength to strength.”
Managing director Gary Campbell adds, “I’m both filled with respect and excitement. I’ve known the Barwick brothers for over 25 years, and it was an honour to join the company 6 years ago. For the brothers to navigate an independent business through an ever-changing UK economy for nearly 40 years, and be successful, is no mean feat and the legacy that Michael and John leave is one to be admired. The strategy behind this investment was to ensure Barwick retained its independence, free from any group or trade pressures, ensuring our only focus is what’s best for our customers whether that be retail or merchant. The message for all – be that employees, suppliers, or customer – is business as usual! We very much look forward to building on our success alongside TPA as well as the suppliers and customers we are fortunate to partner with.”
Barwick Bathroom Distribution LLP: t 01274 687555, e sales@barwick.co.uk, w barwick.co.uk