PMSI supports Foresight Group’s investment into Buston & Maughan
Buston & Maughan Ltd (B&M), headquartered in Crook, has received a minority private equity investment from Foresight Group. The County Durham-based social housing services firm is set to accelerate its growth with this new investment.
The firm specialises in heating installations, kitchen and bathroom refurbishments, servicing and void works for social housing providers across the North East. Founded in 2005 by Mick Buston and Mick Maughan, B&M has grown to employ over 90 staff, delivering thousands of projects each year and servicing more than 11,500 properties in its latest financial year.
The investment is expected to provide B&M with capital to drive organic growth and pursue strategic acquisitions in a sector expected to benefit from increased Government spending.
PMSI delivered CDD to support the transaction, providing a detailed market assessment, an analysis of B&M’s positioning and differentiation within the North East, and a comprehensive customer referencing capturing perceptions of the relationship and future needs. Our work also identified significant growth opportunities through service line and geographic diversification.
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