IBMG raises funds for further expansion

The £650m turnover builder tradesman has secured new capital investment from Ares Management and Farallon Capital to drive its strategic growth plans.

IBMG CEO Martin Stables said: IBMG We will be launching a new customer proposition covering renewable energy and sustainability.

He said the company will also aim to expand its independent brand network through new branches and M&A where strategically appropriate.

“Growth opportunities are clear for a strong, well-run platform like IBMG with plenty of capital available, but in other sectors there is a need for cost-cutting, restructuring or cyclical homebuilding. Emphasis is placed on compatibility with the market.

“The new funding partnership provides additional capital for growth, increases IBMG’s financial flexibility and allows for continued investment.

“Looking beyond the second half of this year, the medium-term macroeconomic outlook looks very favorable for our sector,” he said.

“Thanks to the extraordinary efforts of our team and all partners and stakeholders, we are well-positioned to realize IBMG’s vision for further success.”

He added that IBMG’s business model is special and unique in this sector.

“With five specialized departments, we are able to take on any project from ground level to roof ridge, minimizing travel distances, ensuring supply through an optimized supply chain and working with multiple suppliers. We guarantee efficient delivery to specialized trades on site without the need for delays or complexities.

“At the project level, this ensures that the end result is sustainable and of incredible value, as IBMG helps minimize the resource waste inherent in other supply chains. Masu.

“We will continue to focus on our ‘repair, maintain and improve’ trade customers, strengthening our product and service offerings and increasing the efficiency of the retailer brands our customers trust.”