Acquisitions of Amwell Systems Ltd and Bushboard Washroom Systems Ltd by R S Capital Growth Ltd
Led by partner Andrew Thomson, HMT acted as reporting accountants for the acquisitions of Amwell Systems Limited (“Amwell”) and Bushboard Washroom Systems Limited (“Bushboard”) by RS Building Products (“RSB”).
Martin Rees and Jon Sherry (the “MBI Team”) established RSB in 2006 with the aim of creating a pre-eminent washrooms business. Amwell and Bushboard were the first two targets.
Amwell specialises in the manufacture, supply and installation of washroom cubicles, operating from three locations in the UK, employing circa 108 staff across the UK.
Bushboard has been established since 1935, and is the second largest supplier of washrooms in the UK, including manufacturing and supplying ready plumbed modules. It operates from premises in Wellingborough and employs 90 staff.
Andrew Thomson of HMT commented:
“Martin and Jon have a fabulous track record in buying and building businesses, and we believe that the acquisitions of Amwell and Bushboard provide them with a superb platform to create the market leading washrooms business.”