KBS Corporate Advises on the Sale of Peter Campbell (Sales) Ltd
Rubix UK, backed by private equity firm Advent International, has completed the acquisition of Peter Campbell Sales Ltd (PCS). PCS is a leading specialist supplier of metal cutting tools and offers bespoke manufactured solutions across Oil & Gas, Aerospace & Defence, Automotive and Precision Machining industries.
Operating from two sites between Airdrie, Scotland, and North East England, PCS also manages around 70 industrial vending machines for its customers, with sales of £8m in the last twelve months, following continued strong growth.
Rubix operates on an international basis with over 650 locations in over 22 countries, with a turnover of €2.3 billion in 2018, Rubix is Europe’s largest supplier of industrial maintenance, repair and overhaul (MRO) products and services. This has led to the company being ranked 27th on the 2019 Sunday Times HSBC Top Track 100, which ranks Britain’s top private companies with the biggest sales.
The acquisition provides Rubix UK with the opportunity to consolidate Rubix’s leadership in the UK specialist cutting tools market, a key growth area for the UK business, following the acquisition of Matrix Tooling Services in 2018.
PCS also brings a new speciality to Rubix – special tools manufacturing and tool regrinding services. In addition, the acquisition will further strengthen Rubix’s expertise and experience in the UK Oil & Gas and Aerospace sectors.
PCS will continue to operate independently to Brammer Buck & Hickman and alongside Matrix Tooling Services. Andy Jeffrey will continue in his role as Managing Director of PCS and will report to Nigel Banks, Rubix UK MD Services Division.
Mark Dixon, CEO Rubix UK said,
“This acquisition supports our ambition to be recognised as a preferred supplier with the technical expertise and network in place to provide a multi-specialist range of products, services and solutions. It is further evidence of our status as the consolidator of choice for the industrial distribution market in Europe.”
“I am pleased to welcome the PCS team, customers and suppliers into the Rubix family and further reinforce our position as a leader in the UK cutting tools market, by not only expanding our product offering to customers, but also providing strength in depth in both our technical expertise and services.”
Tom Eatough, Associate Corporate Director at KBS Corporate advised our client throughout the process and commented,
“Given Rubix Group’s acquisition of Matrix Cutting Tools last year, Peter Campbell (Sales) Limited was a great opportunity for Rubix to further build on their presence in the cutting tool sector. It was a fantastic result for our clients and Rubix Group and I wish them all the best for the future.”