SME investment specialist acquires caravan firm in multi-million pound deal
A London-based SME investment specialist has acquired a caravan and motorhome business as part of its expansion.
MBH Corporation has purchased Robinson Caravans - as part of its new leisure industry vertical - for a sum between £7.2m and £8.6m.
Robinsons is the eleventh company to join MBH, establishing industry vertical leisure, alongside education, construction services, engineering and health.
The acquisition brings the pro-forma revenues of MBH group portfolio companies to over £125m.
Callum Laing, CEO of MBH Corporation: “We are looking forward to establishing the new ‘Leisure’ industry vertical in MBH Corporation.
“The Robinsons Caravans team bring with them generations of experience in their industry, making them the perfect leaders of the new group.
“Their ambition to grow through acquisitions allows MBH to support them in one of the many benefits of joining this growth platform, and we look forward to encouraging them to do that as part of the group.”
Paul Seabridge, CEO of Robinsons Caravans, added: “The caravan and motorhome industry is very fragmented and as such we felt joining forces with MBH, by joining the group, would provide a better platform to take advantage of this.
“There are a number of operators and being part of a diversified investment vehicle and having access to the public markets means consolidating some of the operators through acquisitions, providing a tremendous opportunity to quickly take advantage of this.
“We want to build the number one caravans and motorhome group providing a superb experience for customers and staff as we go on this exciting journey with MBH together.”
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