Barwick MBO backed by TPA Capital

Following the decision of owners of bathroom distributor Barwick John and Michael Barwick to retire, the company has received investment from UK private equity investor TPA Capital.

17 Mar, 22

Following the decision of owners of bathroom distributor Barwick John and Michael Barwick to retire, the company has received investment from UK private equity investor TPA Capital.

MD of Barwick to run company

Managing director Gary Campbell

 

Barwick will continue to operate under the stewardship of the existing management team, led by managing director Gary Campbell.

The team intends to build on the 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.

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The investment comes on the back of a period of “unprecedented” growth and the partnership with TPA will ensure Barwick can capitalise on the opportunities in the market.

Investment director at TPA Capital Ravi Aujla stated:“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 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 of Barwick Gary Campbell added: “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.”