BRCK Group has signed a binding agreement to acquire 100% of H.S. Jackson & Son (Jacksons) for an initial consideration of £15m on a cash‑free, debt‑free, normalised working capital basis plus a separate £4.9m payment for the freehold property, with deferred contingent consideration of up to £11m payable in cash against performance over three years (subject to a possible one‑year extension).
The Initial Consideration breaks down to £14.5m cash and £0.5m in new shares (1.02m Consideration Shares), the Property Consideration is payable on completion and BRCK says the transaction will be funded from existing company resources.
The Consideration Shares will be subject to a 24‑month hard lock‑in followed by a 12‑month orderly market arrangement and, on Admission, BRCK will have 323.27m shares in issue.
For the year ended 30 September 2025 Jacksons reported revenue of approximately £40.9m and EBITDA of approximately £4.2m and its net assets were c.£26.1m inclusive of land and property, with headquarters in Ashford, Kent and additional sites near Bath, Chester and Bolton.
Treating the disclosed upfront consideration as enterprise value implies an EV/EBITDA of c.4.7x, rising to c.7.4x if the full £11m deferred consideration is earned.
BRCK said the deal supports its diversification strategy and will expand product breadth and infrastructure opportunities, with CEO Frank Hanna commenting, "Jacksons is a quality business with a premium positioning and an impressive track record of product development."
Completion is expected on or around 30 June and BRCK says the acquisition should be earnings enhancing in the first full year post completion.
