BMI UK & Ireland
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BMI UK & Ireland - overview
Established
1876
Location
Milton Keynes, -, UK
Primary Industry
Construction
About
BMI Icopal provides innovative flat roofing solutions, specializing in multi-layer waterproofing systems and energy-efficient roofing technologies that cater to diverse construction needs across the UK and Europe. BMI Icopal specializes in flat roofing systems and services, headquartered in Milton Keynes, UK. The company was founded in 1876 and was acquired by GAF Materials in a deal worth EUR 1 billion in January 2016, completed in April 2016. The founder's history is not detailed, and no significant pivots in business operations are mentioned.
Since its founding, BMI Icopal has completed a total of 4 deals, with the most recent deal dated January 25, 2016. The company has raised a total of EUR 1 billion. BMI Icopal offers a range of flat roofing systems including multi-layer bituminous waterproofing systems, single-ply membranes, and liquid roofing solutions. Their products are designed for durability and flexibility, servicing residential, commercial, and industrial projects.
The company also focuses on innovation with energy-generating roof systems and water recycling capabilities, targeting contractors, architects, and building owners primarily in the UK and Europe. In 2023, BMI Icopal reported a revenue of EUR 145,718,293. 40 with an EBITDA of EUR -28,993,640. 10.
Revenue is generated through direct sales to contractors and building firms, often involving B2B transactions for roofing products and services, along with technical support and project consultations. They maintain partnerships with approved contractors to ensure quality installations of their products. BMI Icopal is focused on expanding its product offerings and may be designing new roofing technologies to enhance energy efficiency and sustainability. As part of their growth strategy, the company aims to explore new geographic markets to increase its presence in Europe and possibly beyond by 2025.
The EUR 1 billion acquisition by GAF Materials in 2016 is expected to support these initiatives through increased resources for product development and market expansion.
Primary Industry
Construction
Sub Industries
Home Improvement & DIY, Construction, Industrial Wholesalers
Website
www.icopal.co.uk
Verticals
Manufacturing, Urban Planning
Company Stage
Acquired
Total Amount Raised
Subscriber access only
BMI UK & Ireland - timeline of key events
BMI UK & Ireland - financials
| Fiscal Year Ended | Jun 14, 2007 | Jun 14, 2008 | Jun 14, 2009 | Jun 14, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 608,624,309.589 | - | - | - | 34,917,000 | 38,832,000 | 42,287,000 | 42,752,000 | 43,567,000 | 44,999,000 | 41,188,000 | 41,002,000 | 33,221,000 | 30,758,000 | (79,057,000) | 117,387,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | 8.9% | 1.1% | 1.9% | 3.3% | (8.5%) | (0.5%) | (19.0%) | (7.4%) | (357.0%) | 248.5% | - | - | - |
| EBITDA (USD) | - | - | - | - | (1,204,000) | 393,000 | 2,130,000 | 2,902,000 | 4,646,000 | 1,750,000 | (535,000) | (77,000) | (732,000) | (3,681,000) | (6,922,000) | (28,301,000) | - | - | - |
| Operating Income (USD) | - | - | - | - | (2,173,000) | (847,000) | 1,129,000 | 1,868,000 | 3,488,000 | 539,000 | (1,859,000) | (1,265,000) | (1,882,000) | (5,337,000) | (9,635,000) | (28,647,000) | - | - | - |
| Operating Margin | - | - | - | - | (6.2%) | (2.2%) | 2.7% | 4.4% | 8.0% | 1.2% | (4.5%) | (3.1%) | (5.7%) | (17.4%) | 12.2% | (24.4%) | - | - | - |
| % EBITDA Margin | - | - | - | - | (3.4%) | 1.0% | 5.0% | 6.8% | 10.7% | 3.9% | (1.3%) | (0.2%) | (2.2%) | (12.0%) | 8.8% | (24.1%) | - | - | - |
| NET Income (USD) | - | - | - | - | (2,760,000) | (1,187,000) | (49,000) | 965,000 | 2,001,000 | (222,000) | (1,851,000) | (1,249,000) | (2,055,000) | (6,036,000) | (10,142,000) | (29,193,000) | - | - | - |
| % Net Margin | - | - | - | - | (7.9%) | (3.1%) | (0.1%) | 2.3% | 4.6% | (0.5%) | (4.5%) | (3.0%) | (6.2%) | (19.6%) | 12.8% | (24.9%) | - | - | - |
BMI UK & Ireland - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | BMI UK & Ireland | - | ||||||||
| Private Debt | Completed | BMI UK & Ireland | - | ||||||||
| Secondary Buyout | Completed | BMI UK & Ireland | - | ||||||||
| Public to Private | Completed | BMI UK & Ireland | - | ||||||||
| Trade Sale | Completed | Monarflex | - |
Displaying 1 - 5 of 5
BMI UK & Ireland - employee data
BMI UK & Ireland - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM | ||||||
| Chairman of the Board | BM |
BM Board Member
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