RSM UK and Geldards secure private equity investment for Permaroof

20 April 2022

RSM UK and Geldards secure private equity investment for PermaroofRSM UK and Geldards have helped Permaroof successfully secure funding from UK-based private equity firm, Owner Venture Managers. The investment, along with support from funders Beechbrook Capital and Investec Capital Solutions, will allow Permaroof to build on its success to date and fulfil its ambitious organic growth plans for greater market penetration, roll out of innovative products and acquisition of complementary businesses.

Established in 2000 and based in Derbyshire, PermaGroup Limited, and its subsidiary Permaroof is the UK’s leading importer and distributor of residential EPDM roofing products for both trade and direct markets. Permaroof has grown significantly over the years, expanding its product range to include rooflights and skylights, metal fence panels and artificial grass.

RSM’s M&A and Private Equity team supported the shareholders in identifying potential investors, negotiating the deal terms and project managing the deal through to completion.

The transaction was led by corporate finance partner Helen Brocklebank, with support from David Rowlinson, Alexander Harris and Kishor Balendran. Partners Paul Feenan and Debra Martin and Senior Associate Sarah Bailey from Geldards’ Corporate team provided legal advice on the deal.

Helen Brocklebank, corporate finance partner and head of M&A in the West Midlands at RSM UK, said: ‘Permaroof has led the way in bringing innovative, leading products to the market. We’re delighted to have helped such a forward-looking business in its pivotal stage of growth and look forward to seeing it continue its success in partnership with OVM.’

Adrian Buttress, Managing Director at PermaGroup, said: ‘The investment from Owner Venture Managers will allow us to continue our ambitious growth journey and support our mission to provide permanent solutions to age old problems. We’re excited for what’s to come.’

Debra Martin, corporate partner and head of M&A in the Midlands at Geldards LLP, said: ‘Permaroof is a real success story and it’s always great to help a local business on its growth journey. I’m sure Adrian and the team will be even more successful in the future with the support of OVM.’