REG - BRCK Group PLC - Acquisition of H.S. Jackson & Son

BRCKAnnouncement

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RNS Number : 3670H  BRCK Group PLC  08 June 2026

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the 'UK MAR') which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

BRCK Group PLC

LEI: 213800SK28MWXB3K3P26

 

8 June 2026

 

BRCK Group PLC

('BRCK', the 'Group' or the 'Company')

 

Acquisition of H.S. Jackson & Son

 

Purchase of premium fencing business with a broad range of customers

 including major government infrastructure projects

 

BRCK Group PLC (AIM:BRCK), a leading construction materials distributor, is
pleased to announce that it has entered into a binding agreement (the
'Acquisition Agreement') to acquire 100% of the issued share capital of H.S.
Jackson & Son (Fencing) Limited ('Jacksons') for an initial consideration
of £15.0 million on a cash-free, debt-free, normalised working capital basis
(the 'Initial Consideration') (the 'Acquisition'). An additional cash payment
of £4.9 million in respect of the freehold land and property from which
Jacksons operates will also be payable on completion (the 'Property
Consideration').  The Initial Consideration and Property Consideration will
be funded from existing Company resources.

 

The Acquisition, which is expected to be earnings enhancing in the first full
year post completion, marks another step in the continued delivery of the
Group's diversification strategy to further expand the Group's breadth of
products and services and its growth opportunities. The Acquisition is
expected to complete, on or around 30 June 2026 and a further announcement
will be made in this regard in due course.

 

Founded in 1947, Jacksons is a designer, manufacturer and installer of premium
timber and steel fencing, gates and perimeter security systems. The quality of
its products is underlined by its customer warranties. Its timber fencing,
produced by the proprietary Jakcure process, carries a 25 year guarantee
against rot and insect attack and its steel fencing is backed by a 25 year
service life guarantee.

 

Jacksons serves a broad range of residential, commercial, industrial and
high-security end markets in providing products including security and
perimeter fencing, acoustic barriers and access control solutions.  Its
markets include critical national infrastructure, schools and other
government-backed projects alongside premium residential fencing and
commercial perimeter fencing.

 

Jacksons is headquartered in Ashford, Kent. It has two other fencing sites,
near Bath and near Chester, and its Autogate Systems business is based in
Bolton.

 

For the year ended 30 September 2025 (unaudited), Jacksons generated revenue
of approximately £40.9 million and EBITDA of approximately £4.2 million.
Jackson's net assets at 30 September 2025 were approximately £26.1 million,
inclusive of land and property.

 

 

Frank Hanna, Chief Executive Officer of BRCK, said:

 

"Jacksons is a quality business with a premium positioning and an impressive
track record of product development. It benefits from a broad customer base
and product offering across a range of markets including major government
infrastructure projects. The acquisition is in line with our diversification
strategy and brings considerable growth opportunities, including an exciting
pipeline of potential infrastructure projects. I welcome the Jacksons team to
the BRCK Group."

 

Peter Jackson, Managing Director of Jacksons, commented:

 

"During three generations as a family firm, we have grown Jacksons to annual
sales of more than £40 million.  I look forward to driving the next stage of
Jacksons' growth as part of BRCK, which is the ideal custodian for the
Jacksons brand owing to a shared commitment to product quality and customers.
Together we will be able to leverage the growth opportunities in the premium
fencing market."

 

Acquisition Agreement Terms

 

Pursuant to the Acquisition Agreement entered into between the Company and
Jacksons, the Company will acquire the entire issued share capital of Jacksons
for a total consideration comprising:

 

·    The Initial Consideration of £15.0 million, payable on completion as
follows:

 

o  £14.5 million payable in cash, subject to adjustment for cash, debt and
working capital (the 'Cash Consideration'); and

 

o  £0.5 million to be satisfied by the issue of 1,024,414 new ordinary
shares in the capital of the Company (the 'Consideration Shares'). The
Consideration Shares will be subject to a 24-month hard lock-in, subject to
customary carve-outs, followed by a 12-month orderly market arrangement.

 

·    An additional cash payment of £4.9 million in respect of Jacksons'
land and property, payable on completion (the 'Property Consideration').

 

·    Deferred, contingent consideration of up to an additional £11
million (the 'Deferred Consideration'). The Deferred Consideration, which
would be payable in cash against target financial performance criteria for
each of the three years from the date of completion (the 'Performance
Period'). The Performance Period is subject to a one-year extension period in
certain circumstances.

 

The Cash Consideration and Property Consideration will be funded from existing
Company resources and application will be made for the 1,024,414 Consideration
Shares to be admitted to trading on the AIM Market of the London Stock
Exchange ('Admission'). The Consideration Shares will rank pari passu with the
Group's existing ordinary shares in issue. A further announcement in this
regard will be made on completion of the Acquisition.

 

Following Admission, the Company will have 323,270,660 ordinary shares in
issue. This figure of 323,270,660 may be used by shareholders from Admission
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change of their interest in,
the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

- Ends -

 

 Enquiries:

 BRCK Group PLC

Frank Hanna, Chief Executive Officer

Mike Gant, Chief Financial Officer                           Via Burson Buchanan

 Cavendish- Nomad and Sole Broker

 Ben Jeynes, George Lawson, Elysia Bough - Corporate Finance   +44 (0) 20 7220 0500

 Michael Johnson, Sunila De Silva - Sales / ECM

 Burson Buchanan                                               +44 (0) 20 7466 5000

 Henry Harrison-Topham                                         BRCK@bursonbuchanan.com

 Helen Tarbet

 Abby Gilchrist

 

About BRCK Group

 

BRCK Group PLC is a leading distributor and provider of specialist products
and services to the UK construction industry. The business comprises four
divisions: Bricks and Building Materials, Importing, Distribution and
Contracting. With an agile, de-centralised, capital-light business model,
supported by a strong balance sheet, BRCK leverages the skills of its people
company-wide to effectively service the complex and evolving needs of the
construction industry.

 

Founded in 1985, the Group has grown organically through product
diversification and geographic expansion, as well as through the acquisition
of specialist businesses that support its long-term strategy for growth.
Today, the Group encompasses a diverse portfolio of market-leading brands and
a dedicated team of over 800 skilled professionals, led by a management team
with deep-rooted knowledge and experience in the UK and European construction
industries.

 

The Group is committed to building better communities throughout the supply
chain and supporting the delivery of sustainable developments that enhance the
built environment for future generations, while delivering continuous value
for shareholders.

 

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