Private Equity Track record
  • Mkm L
    UK / Private Equity

    Industrial Technology


    MKM is an independent builders' merchant providing building, plumbing and timber supplies for the trade and DIY projects. At the time of exit in 2017, MKM was the largest independent builders’ merchant in the UK, with 47 branches nationwide and a reputation for service excellence.

    3i invested in MKM in 2006 to support founder David Kilburn with the firm's ambitious growth plans, and sold the business in June 2017 generating a 5.9x money multiple.


    • MKM consistently grew like-for-like sales well above listed peers through superior service and category expansion, generating revenues in excess of £284 million in 2016
    • It developed from a regional to a national player, expanding from 18 to 47 branches across the country while investing in its central capabilities
    • Through its Business Leaders Network, 3i introduced CEO Philip Johns to the business
    • Revenues and profits more than trebled during the investment
    • Over 700 jobs were created, with MKM employing more than 1,100 people at 3i’s exit
    "MKM has enjoyed exceptional growth and I would like to thank 3i for their long-term backing and support." David Kilburn, Founder and Executive Chair, MKM

    Regulatory information 
    This transaction involved a recommendation of 3i Investments plc.

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