LONDON: BRCK Group PLC (AIM:BRCK), a construction materials distributor, said Monday it has agreed to acquire H.S. Jackson & Son (Fencing) Ltd., a premium fencing and security systems maker, for an initial £15 million plus £4.9 million for property, in a deal that advances the company’s diversification strategy.
The binding agreement calls for BRCK to pay £14.5 million in cash and issue 1,024,414 new ordinary shares valued at £500,000 as part of the initial consideration. An additional £4.9 million cash payment covers the freehold land and property from which Jacksons operates. Both payments are due at completion, expected around June 30, 2026, and will be funded from existing company resources.
Jacksons, founded in 1947 and based in Ashford, Kent, designs, manufactures and installs timber and steel fencing, gates and perimeter security systems. Its proprietary Jakcure timber process carries a 25-year guarantee against rot and insect attack, and its steel fencing comes with a 25-year service life guarantee. The company serves residential, commercial, industrial and high-security markets, including critical national infrastructure, schools and government-backed projects.
For the unaudited year ended Sept. 30, 2025, Jacksons posted revenue of approximately £40.9 million and EBITDA of about £4.2 million. Net assets stood at roughly £26.1 million, including land and property.
The acquisition also includes deferred contingent consideration of up to an additional £11 million, payable in cash over three years based on financial performance targets, with a possible one-year extension.
“Jacksons is a quality business with a premium positioning and an impressive track record of product development,” said Frank Hanna, chief executive officer of BRCK. “The acquisition brings considerable growth opportunities, including an exciting pipeline of potential infrastructure projects.”
Peter Jackson, managing director of Jacksons, said three generations grew the family firm to more than £40 million in annual sales. “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.
The 1,024,414 consideration shares will be subject to a 24-month hard lock-in followed by a 12-month orderly market arrangement. The shares will trade on London’s AIM market and rank equally with existing ordinary shares.
BRCK said the acquisition is expected to be earnings enhancing in the first full year after completion. A further announcement will be made when the deal closes.
