Inflexion Private Equity has agreed to acquire Marley for an undisclosed sum from Etex, which has owned the roofing specialist since 1999. The investment is being made by Inflexion Buyout Fund V, Inflexion’s dedicated mid‐market fund.
Founded in 1924, Marley is a manufacturer and supplier of roofing system products, which includes concrete and clay tiles, as well as associated roofing accessories. The Staffordshire-based business employs 600 people across five manufacturing sites and two distribution centres. The company benefits from a loyal customer base split between newbuild, repair, maintenance and improvement.
Simon Turner, managing partner at Inflexion, said: “The team at Marley have done a phenomenal job in creating not only a truly market-leading product, but also a resilient and differentiated business model in an industry with very attractive dynamics. The brand is exceptionally well regarded, and we look forward to drawing upon our industry experience as we partner with management to build on Marley’s strong market position and product range.”
David Speakman, general manager at Marley, added: “We are extremely proud of our long heritage and are very excited by the opportunities to grow the company further. Inflexion’s industry knowledge gleaned through its investment in builders’ merchants, Huws Gray, means they truly understand our sector, while their experience in helping expand businesses organically and acquisitively make them an excellent fit for our next stage of growth.”
The acquisition is expected to complete at the end of August. This investment was made by affiliated funds advised by Inflexion Private Equity Partners LLP.
In a statement on its website, Marley said: “A new chapter in Marley’s rich history begins today with the news that Inflexion Private Equity has agreed to acquire the business from parent company Etex.
“The move allows Marley to further its growth plans by accelerating development of its innovative products and services, both in its concrete and clay tile ranges, and its industry-leading complete roof systems proposition.”
Paul Reed, managing director at Marley, said: “This is an exciting and defining move for Marley and is testament to the hard work the team has put in transforming our business model as well as investing in our brand. This acquisition from our parent company will help propel the business into a very exciting, fast growth future.
“Inflexion’s industry knowledge means it truly understands our sector, while its experience in helping expand businesses organically and acquisitively make it an excellent fit for our next stage of growth.”
