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RSM oversees TPA’s acquisition of Barwick Bathroom Distribution

The transaction comes on the back of ‘significant’ expansion in recent years, underpinned by a buoyant market for home improvements.

RSM and Squire Patton Boggs acted on the recent transaction which saw TPA Capital invest in Barwick Bathroom Distribution, a UK B2B distributor of premium bathroom products.

Founded almost 40 years ago, Private Equity investor TPA Capital has acquired the business from the original founders, John and Michael Barwick, who have put a talented team in place to lead the continued success of the business.

The current leadership team, led by CEO Gary Campbell, have enabled the business to become a market leader in the brands and categories it distributes, creating a strong foundation for the future.

According to RSM, the transaction comes on the back of “significant” expansion in recent years, underpinned by a buoyant market for home improvements. TPA’s investment will support the business as it continues to grow through expansion into new geographies as well as increased penetration in existing markets.

TPA will support the team in building on John and Michael’s legacy, utilising experience from investing in adjacent sectors and supporting transitions from private ownership.

RSM’s corporate finance partner Steve Hubbard and associate director, James Atkinson, advised Barwick Bathroom Distribution on the sale.

Steve Hubbard, corporate finance partner at RSM UK, said: “We are delighted to have advised a strong business as it transitions to the next chapter in its development. I am confident that with its quality management team, market position and the strategic advice from its new investor the business will continue to develop and grow.”

Gary Campbell, managing director of Barwick, added: “We are excited to be partnering with TPA on the next stage of our growth journey. Having known the Barwick brothers for over 25 years, as well as having had the honour of leading their business over the last six, I’m delighted that we have the opportunity to build on their legacy with TPA’s support.”

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