Chapco Group Limited (“Chapco”), a leading provider of Facilities Management, Telecommunications, IT Services and Project Delivery solutions has today announced the acquisition of LAUK Lighting Limited (“LAUK”), a leading independent provider of lighting solutions, products and services. The acquisition was supported by Chapco’s growth capital private equity investors, Next Wave Partners.
LAUK, which will be rebranded as “Chapco Lighting”, is one of the UK’s leading independent distributors of indoor and outdoor architectural lighting products, lamps and lighting components. Established in 1993, LAUK’s 18 year heritage in providing a concept to completion approach to wide ranging customer requirements has required continuous expansion of products, design and installation services. LAUK manufactures stocks and markets over 3,000 branded and private label products from its Staffordshire distribution centre to a broad portfolio of corporate clients.
The acquisition sees Robert Stone, Managing Director of LAUK join the Chapco Board as Business Development Director. LAUK’s Bruce Robinson will continue as head of Chapco Lighting.
Chapco’s CEO, Richard Chapman said, “We are really excited by the acquisition of LAUK. The staff in both organisations share the same values and ethos and the management teams are really looking forward to working together. This acquisition not only adds to our in-house capability but it is directly aligned to our Facilities Management business.”
Robert Stone Managing Director of LAUK commented, “As part of Chapco we enter a new, exciting and challenging phase of LAUK’s evolution and development. The diversity of Chapco, combined with its dramatic growth in volume and service expansion attracted Bruce and I; as we feel that it is well suited to implement ambitious plans that position Chapco as a UK market leader within the Facilities Management sector. We look forward to contributing to the growth of the business and meeting the exiting opportunities that lie ahead.”
Alan Curtis, Chapco Chairman, says “This acquisition continues with our goal of expanding our Blue Chip client base and enlarging our in-house delivery capability both through acquisition and organic growth, I am looking forward to working with our new colleagues”.
For further information contact Matthew Watson 01455 205700, email@example.com or visit our websites www.chapco.com, www.laukgroup.com