Industrials

Arran Isle Divests LaSalle Bristol to Patrick Industries

  • TM Capital served as exclusive financial advisor to Arran Isle Limited (“Arran Isle”) in the sale of LaSalle Bristol, LP (“LaSalle Bristol”) to Patrick Industries, Inc. (NasdaqGS: PATK) (“Patrick”) for approximately $54 million
  • Arran Isle is a UK-based designer, marketer and distributor of branded building products for the architectural and fenestration hardware markets
  • LaSalle Bristol, the North American operations of Arran Isle, is a premier supplier of value-added plumbing, flooring, HVAC, exterior, lighting and other products tailored to the manufactured housing (“MH”) and recreational vehicle (“RV”) markets
  • Patrick, with revenues of over $2 billion, is a major manufacturer and distributor of building products serving the RV, marine, MH and other industrial markets
  • LaSalle Bristol’s well-established brands, product lines and customer relationships highly complement Patrick’s product portfolio and the acquisition will meaningfully increase the content Patrick provides to the MH industry
  • This is the fourth transaction TM Capital has completed on behalf of Arran Isle

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Client Testimonial

For 30 years, TM Capital has advised Arran Isle on strategic transactions.  We selected TM to manage the divestiture of our U.S. operations not just because of this relationship, but also their sector knowledge, and critically, their value realization proposition.  TM was with us every step of the way and did a great job throughout, ultimately delivering a strong value on the time schedule set forth at the outset of the process.  TM managed communication and negotiations with professionalism and vigor.  The team’s industry knowledge, attention to detail and total immersion in every aspect of the transaction were truly impressive.  We sincerely appreciate their efforts and the result they achieved for us."
Martin Wardhaugh, Group Chief Executive, Arran Isle Limited