Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Supplier of personal protective equipment Arco, has announced that global investment firm H.I.G. Capital has acquired the business, marking the beginning of a new chapter in Arco’s 140-year history.
The transaction represents a significant investment in Arco’s future, providing the capital and strategic support to expand its capabilities and further strengthen its position across the personal protective equipment (PPE), workplace safety and training markets.
The business will also have greater scope to pursue strategic acquisitions that complement its capabilities, extend its geographic reach and create new opportunities for customers and supplier partners.
Chief executive officer of Arco, Guy Bruce, comments: “The safety landscape is changing rapidly, and our customers consistently tell us that they need a reliable, capable and compliant partner to underpin their safety strategies and help them achieve their own business objectives. Arco’s expertise, supplier relationships and understanding of workplace safety have never been more relevant. With H.I.G.’s support, we have an opportunity to build on those strengths.”
The newly constituted board of directors will be chaired by Meine Oldersma, who brings significant knowledge of Arco from his previous role as a non-executive director.
The Board will also include Adam Taylor and Elliott Robinson of H.I.G., alongside Bruce as chief executive officer and Dan Carr as chief financial officer.
