MKM
- Sector Industrial
- Year invested 2006
- Location UK
- Status Realised
MKM is an independent builders' merchant providing building, plumbing and timber supplies for the trade and DIY projects.
Visit mkmbs.co.uk
Overview
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.
At the time of exit, MKM was the largest independent builders’ merchant in the UK, with 47 branches nationwide and a reputation for service excellence.
How we added value
- 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.
Regulatory information
This transaction involved a recommendation of 3i Investments plc.