SIP Building Systems completes multi-million-pound acquisition of SBUK Group

The acquisition strengthens SBS’s position in modern methods of construction, bringing together complementary capabilities across structural insulated panels, cladding and timber frame solutions. It will also significantly strengthen SBS’s ability to deliver scalable, energy-efficient building solutions, a key component of the UK’s evolving construction sector. This will place the enlarged group at the forefront of modern methods of construction (MMC).

Established in 2005, Widnes-based SBS has quickly become one of the UK’s leading manufacturers of Structural Insulated Panels (SIP), covering sectors including housing, commercial, leisure homes, military solutions, modular buildings and cold stores.

Based in Normanton, West Yorkshire, SBUK Group comprises the SIPBuildUK, CladBuildUK, and FrameBuildUK brands. These combined capabilities allow the Group to design and manufacture high performance, thermally efficient buildings, delivering a fully integrated structural envelope solution to the UK construction sector.

The transaction was supported by a multi-million-pound funding package from HSBC, combining acquisition funding with property-backed lending to support both the immediate transaction and the enlarged group’s long-term growth strategy. The structure was designed to balance stability with operational flexibility, providing headroom for integration and future expansion.

SBS is part-owned by Cardiff-based Resource Limited, the family office of the late Nick Williams OBE.

DSW Corporate Finance’s Cardiff office acted as lead buy-side adviser to SBS, supporting deal structuring, lender engagement and negotiation of key commercial terms through to successful completion. The deal team was led by Koo Aseeley, supported by Benjamin Nix. Legal advice was provided by Geldards Law, with tax advisory support from Kilsby Williams.

The transaction reflects the Cardiff team’s continued work with ambitious management teams, investors and family-owned businesses on strategic acquisitions, funding structures and growth transactions across the UK.

Peter Barr, Managing Director at SIP Building Systems Ltd, said, “This acquisition is an important step in the continued growth of SBS.

Bringing SBS, SIPCO and SIP Build UK(SBUK Group) together creates a business with greater manufacturing capacity, broader technical capability and a wider range of solutions for our customers. The combined group is well placed to support projects of all sizes, from individual homes through to large-scale residential and commercial developments.”

Paul Postle, Group Finance Director at Resource, added, “DSW provided practical and commercially focused advice throughout the acquisition of SBUK. They managed the process well, kept momentum in the transaction and challenged our thinking where appropriate. They were a valuable sounding board and helped us navigate negotiations, funding and completion within a tight timeframe.”

Koo Aseeley, Partner at DSW, commented, “We worked closely with the SBS team to deliver a strategic acquisition that meaningfully strengthens their market position. From the outset, our focus was on understanding Peter and the team’s long-term ambitions, structuring a deal that would not only complete successfully but also set the platform up for future growth.

Bringing together SBS and SBUK Group creates a compelling, scaled proposition in the MMC space, and we’re proud to have played a key role in shaping both the deal structure and the funding solution. It’s a great example of how our team works alongside management teams to navigate complex transactions and deliver outcomes that support their next phase of growth.”