Chiltern has completed the simultaneous investments in Professional Building Supplies Limited and Securi-Flex Limited to create Assembuild Group, a leading online-led building products merchant and distributor.

Assembuild Group supplies a range of specialist building products including drainage, guttering, fixtures & fittings and specialist cables, primarily targeting the professional installer market through a multi-channel business model encompassing online, trade counters and wholesalers.

The £30 million revenue Group is growing at over 20% per year, taking advantage of its strategic positioning in underserved niche product categories and the online-led proposition.

Marcus Orchard, Group CEO, stated: “It was very refreshing to be working with a growth partner like Chiltern, as their approach was both structured and progressive. They immediately saw the potential for rapid and profitable sales growth in today’s dynamic building products market, with PBSL Group and Securiflex as the foundation”.

Joe Bennett, Investment Manager at Chiltern commented:

“We are delighted to be supporting an ambitious Management team in their focused strategy to be a leading building products merchant in a number of specialist categories. With our investment, the Group is well positioned to accelerate its development into new product verticals, organically and inorganically, and to take advantage of the shift in the building products market to the online channel”.

Chiltern was advised by Avonhurst (Legal), James Cowper Kreston (FDD) and Drystone (CDD). Financing was provided by Beechbrook Capital.