November 12, 2021
Endless portfolio company, BSW acquires Dick Brothers Forestry, the UK’s largest timber harvesting business
Endless’ portfolio company, BSW Group (‘BSW’), the UK’s largest integrated forestry and sawmilling business, has today acquired Dick Brothers Forestry Limited (‘Dick Brothers’).
Dick Brothers is the largest timber harvesting company in the UK with annual sales of £10 million. Established over 25 years ago the business boasts state-of-the-art forestry equipment and market leading capabilities to harvest some of the largest and most complex forests in the UK.
Dick Brothers represents a cornerstone acquisition for the BSW group, strengthening its vertical integration of the timber supply chain and securing in-house harvesting capabilities for its forestry and harvesting management division Tilhill.
Davy Dick, Managing Director of Dick Brothers, said: “We are delighted to be joining the BSW family. Whilst it is very much business as usual, we are excited to be working with the BSW team to continue the growth of the business and enhance the services we can bring our customers. We would also like to thank our previous owners, Faro Capital, for their support and investment in the business over recent years.”
Tony Hackney, CEO of BSW, said: “This is fantastic news for BSW. Dick Brothers is a business with strong heritage, fantastic prospects and one that we believe will bring huge value to BSW. Whilst operations at Dick Brothers and BSW will remain largely the same, there will be a number of areas for our businesses to support each other and we look forward to working with the Dick family to grow the business as part of the wider BSW Group.”
Aidan Robson, Partner at Endless LLP, added: “We are delighted to be supporting BSW with its acquisition of Dick Brothers and we hope this is the first of many acquisitions BSW will be undertaking over the coming years. Through our ownership of BSW, and now Dick Brothers, we are committed to developing and growing UK Forestry as a whole and the environmental and economic benefits this will bring.”
BSW was advised by Walker Morris (Legal), EY (Tax) and Willis Towers Watson (Insurance). Dick Brothers was advised by Addleshaw Goddard (Legal).