White Arches Acquisition

White Arches Acquisition

Acquisition News

MBH CORPORATION PLC EXPANDS ITS LEISURE VERTICAL WITH THE ACQUISITION OF WHITE ARCHES CARAVANS AND WHITE ARCHES MOTORHOMES


London, 15 May 2023, MBH Corporation plc (MBH), a diversified investment holding company, has today announced the completion for the acquisition of White Arches Caravans and White Arches Motorhomes - expanding further the company’s Leisure Vertical business line. White Arches becomes one of 20 companies within the MBH Corporation and along with Robinsons Caravans, which joined MBH in March 2020, will become an important part of the company’s fast-growing Leisure Vertical - one of 7 vertical business lines spanning 5 countries.


White Arches, a business established 46 years ago, operates two businesses; White Arches Caravans based in Rushen and White Arches Motorhomes based in Wellingborough – both in Northamptonshire region in the UK. White Arches Caravans specialise in new and used caravans and is the regions’ premier dealer for Swift caravans, Bailey caravans, Coachman caravans, Sprite caravans and the Swift Archway range of caravans. White Arches Motorhomes is the regions’ premier dealer for Adria motorhomes, Bailey motorhomes, Auto-Trail motorhomes as well as VW Campers.

 

Paul Seabridge, CEO of Robinson’s Caravans and the MBH Corporation Leisure Vertical, will oversee the integration of White Arches into MBH and will manage the business going forward.

Victoria Sylvester, CEO, MBH Corporation commented "The caravan and motorhome sector continues to be fragmented. With White Arches joining Robinsons Caravans within the MBH Leisure Vertical, the MBH offering within the caravan and motorhome sector becomes even stronger - with many synergies and best practices to be shared. Our objective remains to become the number one caravans and motorhome group in the UK providing an excellent experience for customers and for our own employees”.

Paul Seabridge, CEO, Robinsons Caravans,  "With the continued interest in owning caravans and motorhomes in the UK, we feel that the timing is right for White Arches to become part of a larger group that already has extensive experience in this sector. The MBH agglomeration model allows us to continue to grow the White Arches business organically, whilst collaborating and networking with experienced business leaders across a whole range of sectors within the group, both in the UK and internationally. The opportunities for further growth are exciting.”.

Caravan & Camping Industry

Data released by the NCC (the UK trade body representing the collective interests of four product sectors - tourer, motorhome and caravan holiday home (leisure products) and residential park homes)) states that the caravan & camping industry contributes £6bn to the UK economy. The sector employs around 130,000 people and it is estimated that there are 550,000 touring caravans and 225,000 motorhomes in the UK. In 2022, the total number of camping and caravanning trips in the UK reached an estimated 16.7 million, with 29% of UK adults stating that they are more likely to consider taking a camping/caravanning holiday than they were before the COVID-19 pandemic [1]

Purchase Consideration

White Arches unaudited revenue for year ended 30 September 2022 was £25.1m. The purchase consideration is estimated to be approximately between £7m to £8m in cash subject to finalisation of completion accounts. The deal will be funded partly through debt financing of £4m (payable on completion) and deferred consideration of £3-4m, which is payable over a 3 year period.

Ends/

[1] UK Camping and Caravanning Market Report 2023, Mintel

Management Interviews

What is its background and heritage of White Arches?

What was the motivation for the acquisition of White Arches?

What integration challenges & opportunities do you see?

Are you looking to acquire more caravan businesses in the future?

What is the outlook for the Caravan Industry in the UK and abroad? 

  • About MBH Corporation

    MBH Corporation plc (M8H:GR) is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges and the Aquis Exchange in London.  The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.


    mbhcorporation.com


  • About White Arches

    White Arches operates two businesses; White Arches Caravans based in Rushen and White Arches Motorhomes based in Wellingborough – both in Northamptonshire. White Arches Caravans specialise in new and used Caravans and is the regions’ premier dealer for Swift caravans, Bailey caravans, Coachman caravans, Sprite caravans and the Swift Archway range of caravans. White Arches Motorhomes is the regions’ premier dealer for Adria motorhomes, Bailey motorhomes, Auto-Trail motorhomes and VW Campers. 


    White-arches.co.uk


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