GBUK Group acquires Intervene Group to strengthen Enteral division

H2 Equity Partners (“H2”) is pleased to announce that portfolio company GBUK Group (“GBUK”) has acquired Intervene Group (“Intervene”) in a transaction that has further strengthened GBUK’s Enteral market proposition.

Intervene, based in Markham Vale, has successfully built a strong market position with a niche offering of enteral products in the UK and with a significant sales presence in Europe. The acquisition of Intervene adds a further £8.5 million of Enteral sales to GBUK, of which c50% is overseas, as well as strengthening the R&D function enabling enhanced new product development.

The acquisition of Intervene marks the continued investment in GBUK by H2 and the ongoing focus on delivering the strategic plan developed by H2 and the management team. The combined group will continue to focus on expanding its niche product offering as well as continue to grow its export business both autonomously and via buy-and-build acquisitions.

H2 were supported in the transaction by Squire Patton Boggs providing legal advice with PwC performing financial due diligence. Yorkshire Bank provided additional facilities to finance the transaction on top of existing financing and working capital facilities.

About GBUK Group

GBUK Group, based in Selby – Yorkshire, employs 72 FTE’s and has seen turnover growth of 15% per annum in recent years. FY17 sales are estimated to amount to £35 million. GBUK supplies a wide range of Enteral and Critical Care medical consumable products to the NHS and international markets, with sales to all 657 Acute Care Trusts in the UK. H2 invested in GBUK alongside its founder and the management team in November 2015.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.