Shopfitter is latest piece in ongoing acquisition strategy
Blackpool specialist shopfitter, Thompsons Contracts, has been acquired, for an undisclosed sum.
Sigma GRP, based in Castleford, West Yorks, was supported in its purchase of the 11-year-old business by Three Hills Capital Partners (THCP), a provider of flexible capital solutions to mid-market companies.
Thompsons is a specialist shopfitter, refurbishment and building contractor operating projects across a range of end markets including quick service, restaurants and bars, retail and hotels.
It was founded by David, Matthew and Joseph Thompson, who will all remain committed to the business going forward.
Since it was founded in 2008, the business has grown rapidly to become a leading provider across its end markets nationally, and through Sigma’s investment has ambitions to continue to pursue multiple organic and inorganic growth opportunities.
Sigma is a leading provider of outsourced solutions. It offers a wide range of services from procurement to project delivery and supply chain solutions of various specialist fixtures and fittings, with customers across the food and non-food retail sectors.
Chief executive Craig Bennett said: “The acquisition of Thompsons is a key milestone in Sigma’s ambitions to grow and transfer our expertise into new sectors.
“Thompsons is a great company that, under the leadership of Joe, Matt and David, has become a leader in the quick service restaurant and hospitality sectors.
“Thompsons is a great fit for Sigma, aligning with our current services. We look forward to working with Thompsons to maximise opportunities for our two companies.”
He added: “We would like to thank THCP for their continued support in financing the acquisition.”
Joe Thompson said: “We are incredibly proud of what we have achieved at Thompsons over the last 11 years, and are ambitious to grow further.
“We are delighted that a company like Sigma also sees the growth potential of our business and allows us to realise these
ambitions. As a family-run business we have always been personally invested in the business and remain as committed as ever. We look forward to working with Craig and the Sigma team in this exciting new chapter for the business.”
THCP has been partnered with Sigma since 2018. Joe Jefferies, UK coverage at THCP, said: “We are committed to partnering with outstanding entrepreneurs and management teams across the UK who believe in the growth potential of their businesses.
“The Thompsons transaction is a great example of the ongoing buy-and-build opportunity we see in Sigma’s market, which our flexible capital solutions are well-suited to support.
“We are delighted to welcome the Thompsons – a key step towards realising ours and the team’s growth ambitions for the group.”
Thompsons was advised by Benchmark International (corporate finance), Napthens (legal) and Champion (FDD). Sigma was advised by Deloitte (FDD), Graph (CDD), EY (structuring) and Squire Patton Boggs (legal).