Leadcraft, which was founded in 1997, provides a range of roofing services including tiling, slate, zinc, copper, felt and lead works. In the 12 months ended 30th June, Leadcraft reported unaudited revenue of 拢5.6m and normalised earnings before interest, taxes, depreciation, and amortisation (EBITDA) of approximately 拢1m.
Leadcraft is Brickability鈥檚 12th acquisition in the last three years and underlines an acquisition strategy set out when it was listed.
Brickability Group CEO Alan Simpson said: "Following our recent transaction with Taylor Maxwell this is another strong acquisition for Brickability as we continue the strategy we set out at IPO. Leadcraft is a great addition to our very profitable Roofing Services division, expanding our product offering in this area by bringing copper and zinc metal roofing and heritage leadwork capability into the group.
鈥淭his acquisition will further strengthen and diversify our offering as we lean into the V-shaped recovery being seen across the construction sector.鈥�
Brickability is making an initial payment of 拢3.3m followed by deferred consideration of 拢2.2m payable in cash over the next three years, of which 拢0.9m is subject to performance criteria.
The acquisition will be funded from the group's existing resources and is expected to be immediately earnings-accretive post completion.
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