FRP’s Financial Advisory team support the acquisition of plastic pipework distributor, B&D Plastics
Case Study
FRP provide FDD and buy-side advice to investor Flowmax looking to expand their portfolio
Published:
27 January 2025
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Background
Established for over 25 years, B&D Plastics are a stockist and distributor of plastic pipework systems based in Colchester and Walsall. Flowmax is an operational investment partner that works with, invests in, and helps small to medium-sized enterprises (SMEs) grow. Flowmax identified B&D Plastics as perfectly aligned with its acquisition strategy, and engaged FRP to undertake financial and tax due diligence.
Action
FRP’s Financial Advisory team, led by Director Joanne Price and Corporate Finance Partner, Chris Adlam carried out financial and tax due diligence on behalf of Flowmax, including a detailed analysis of the target’s historic performance and working capital. The team also advised on valuation and deal structure, including the tax risks.
Outcome
The successful partnership between B&D Plastics and the Flowmax Group is expected to foster innovative solutions and enhance the offerings to their valued customer base. The founding owners of B&D Plastics are committed to the business and motivated to drive its growth even further through market expansion.
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