Announced
Completed
Financials
Sources
Tags
Recreational Products
av distributor
Acquisition
Cross Border
Private
Friendly
Canada
Majority
Completed
Single Bidder
Synopsis
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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