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(Sharecast News) - BRCK Group said on Monday that it had agreed to acquire H.S. Jackson & Son, a premium fencing, gates and perimeter security business, for an initial 15.0m as part of its diversification strategy.
The AIM-traded construction materials distributor said it would also pay 4.9m in cash for the freehold land and property from which Jacksons operates, with both payments funded from existing resources.
The acquisition was expected to complete on or around 30 June and to be earnings enhancing in the first full year after completion.
Founded in 1947, Jacksons designs, manufactures and installs premium timber and steel fencing, gates and perimeter security systems.
The business serves residential, commercial, industrial and high-security markets, including critical national infrastructure, schools, government-backed projects, premium residential fencing and commercial perimeter fencing.
It is based in Ashford, Kent, with further fencing sites near Bath and Chester, and an Autogate Systems business in Bolton.
For the year ended 30 September 2025, Jacksons generated unaudited revenue of around 40.9m and EBITDA of around 4.2m.
Net assets at that date were around 26.1m, including land and property.
BRCK said the initial consideration would comprise 14.5m in cash, subject to adjustments for cash, debt and working capital, and 0.5m satisfied through the issue of 1,024,414 new ordinary shares.
The shares would be subject to a 24-month hard lock-in, followed by a 12-month orderly market arrangement.
The deal also included deferred contingent consideration of up to 11.0m, payable in cash against target financial performance criteria over three years from completion, with a possible one-year extension in certain circumstances.
Chief executive officer Frank Hanna said Jacksons was "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," he said.
"The acquisition is in line with our diversification strategy and brings considerable growth opportunities, including an exciting pipeline of potential infrastructure projects."
Jacksons managing director Peter Jackson said the business had grown to annual sales of more than 40m over three generations as a family firm.
"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," he said.
At 1155 BST, shares in BRCK Group were up 0.61% at 49.85p.
Reporting by Josh White for Sharecast.com.
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