Primary Capital Partners is pleased to announce that it has backed the management buy-out of VJ Technology (“VJT”), a leading distributor of specialist fixings, fasteners, consumables and related tools to the UK construction industry, from SIG plc.
Talking about the acquisition of VJT, Alistair Armstrong, Partner at Primary, said “We are keen to work in partnership with the experienced management team in place at VJT to help build on an outstanding business and deliver further growth. The quality of VJT’s people, technical expertise and service proposition clearly came across as market-leading from customer and supplier feedback and we will seek to build further on this strong platform.”
The investment from Primary will provide an excellent opportunity for VJT to further improve its service, with enhancements expected in its logistics operations. A key part of the business plan is for geographical expansion, possibly including selective acquisitions, to provide new and existing customers with an even better quality service.
Mark Tomlin, CEO of VJT, said “This is a really exciting time for VJT and our employees. Primary has given us the opportunity to invest in the business and our people to further improve the high standards of customer service we can provide. VJT is a very passionate and energised business and that is down to the commitment of our workforce.”
“We are looking to significantly increase our business with new and existing customers and see a great opportunity for technology enablement in construction to reduce end-to-end process costs for our customers and improve efficiencies and service excellence. We have many long term relationships with our customers forged over a number of years, and we will be investing in our people to ensure they have the right tools and capabilities to enhance what we do in the future.”
Contact Jackie Adams for more information