Tricom Supplies /
Builders' merchant specialising in plumbing and heating equipment for the replacement market. Owned by Mannesmann AG during 1990s.
ISIS backed an MBO in 1998 after Tricom became non-core within Mannesmann. Turnover grew from £70m to £120m during ISIS' four and a half year investment. BSS, identified as a potential buyer through Old Mutual, acquired Tricom for £31.8m in 2003.
"ISIS and Tricom's decision to focus on a single buyer was vindicated both by the result and the subsequent performance of BSS's share price. A year later, it was substantially ahead of the All-Share." Jonathan Bartlett, Old Mutual.
Timeline
- 1998 ISIS backs MBO
- 1999 Tricom acquires Fry & Pollard
- 2003 BSS acquires Tricom
Builders' merchant specialising in plumbing and heating equipment for the replacement market.