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New Deal


Announced

Completed

Midwich Group completed the acquisition of S.F. Marketing for £27m.

Financials

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Transaction Value£26m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Recreational Products

av distributor

Acquisition

Cross Border

Private

Friendly

Canada

Majority

Completed

Single Bidder

Synopsis

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Midwich Group, a specialist audio visual distributor, completed the acquisition of S.F. Marketing, a specialist value-add AV distributor in Canada, for £27m. "We are delighted to welcome the SFM team to the Midwich Group. The Canadian AV market represents a significant opportunity for the Group, and so it was important that we found a high quality business to partner with. SFM is such a business, with high customer service levels and market-leading technical support. The time we have spent with the SFM management gives us great confidence that we can work together to build an even stronger business serving the Canadian market. We are committed to our established strategy of delivering strong organic growth, supplemented by value-add targeted acquisitions, with six more opportunities currently in due diligence and due to complete in 2023," Stephen Fenby, Midwich Managing Director.

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