Sigma snaps up Thompsons contracts
SIGMA SNAPS UP THOMPSONS CONTRACTS
Sigma GRP, a portfolio company of Three Hills Capital Partners (THCP), has acquired Thompsons Contracts Blackpool.
Thompsons is a specialist shopfitter, refurbishment and building contractor which has worked on a range of quick service, restaurant and bar, retail and Hotel projects.
The company was founded in 2008 by David, Matthew and Joseph Thompson and they will all remain with the business following the deal.
Glasshoughton-headquartered Sigma offers a range of services from procurement to project delivery and supply chain services of various specialist fixtures and fittings, with customers across the food and non-food retail sectors. THCP invested in the business in 2018.
Craig Bennett, chief executive of Sigma, 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."
Joe Thompson, director of Thompsons, 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."
Joe Jefferies, UK coverage at THCP, added: "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 (financial due diligence). Sigma was advised by Deloitte (financial due diligence), Graph (commercial due diligence), EY (structuring) and Squire Patton Boggs (legal).