Arran Isle Limited has sold LaSalle Bristol, LP to Patrick Industries, Inc.

Arran Isle Limited has sold LaSalle Bristol, LP to Patrick Industries, Inc. (NasdaqGS: PATK) for US$54 million.

LaSalle Bristol, the North American operations of Arran Isle, is a premier supplier of value-added plumbing, flooring, HVAC, exterior, lighting and other products tailored to the manufactured housing (MH) and recreational vehicle (RV) markets. Additionally, the company operates a retail flooring outlet. It distributes its products through a network of facilities in the United States.

Patrick, with revenues of over US$2 billion, is a major manufacturer and distributor of building products serving the RV, marine, MH and other industrial markets.

Arran Isle is a UK-based designer, marketer and distributor of branded building products for the architectural and fenestration hardware markets. The company serves housing, commercial building, health, education, and RV industries in North America, the United Arab Emirates, Europe, the Middle East, China and internationally.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Arran Isle Limited in this transaction.

Service

M&A sell-side

Parties

“For 30 years, the team has advised Arran Isle on strategic transactions. We selected them to manage the divestiture of our US operations not just because of this relationship, but also their sector knowledge, and critically, their value realization proposition. They were with us every step of the way and did a great job throughout, ultimately delivering a strong value on the time schedule set forth at the outset of the process. The team managed communication and negotiations with professionalism and vigor. The team’s industry knowledge, attention to detail and total immersion in every aspect of the transaction were truly impressive. We sincerely appreciate their efforts and the result they achieved for us.
”

Martin Wardhaugh

Group Chief Executive, Arran Isle Limited

Talk to the deal team

Paul R. Smolevitz

Managing Director

New York, United States
Oaklins TM Capital

View profile Get in touch

David M. Felts

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Vidur Kapur

Associate Director

New York, United States
Oaklins TM Capital

View profile Get in touch

Related deals

Soler & Palau Ventilation has acquired subsidiaries of United Enertech Holdings

Private Equity | Other Industries

Soler & Palau Ventilation has acquired subsidiaries of United Enertech Holdings

Soler & Palau Ventilation, Inc. (S&P) has acquired subsidiaries of United Enertech Holdings, LLC. (UEH). The subsidiaries included Air Conditioning Products, LLC; Air Performance, LLC; Metal Form Manufacturing, LLC; and United Enertech Corp.

Learn more

Varsteel, Ltd. has acquired Pacific Steel, Inc.

Construction & Engineering Services | Logistics

Varsteel, Ltd. has acquired Pacific Steel, Inc.

Pacific Steel, Inc. has been acquired by Varsteel, Ltd.

Learn more

Sibelco has received strategic advisory related to the exit of a minority shareholder

Construction & Engineering Services | Other Industries

Sibelco has received strategic advisory related to the exit of a minority shareholder

SCR Sibelco has received strategic advisory related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buyback program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue with its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.

Learn more