The Sustainium Group has acquired Wolverhampton Glass, a West Midlands-based window, door, and conservatory installer.
Sustainium was launched by Neal Harper with the aim of acquiring local home improvement companies, building on their established reputation and investing in their future, with particular focus on low-carbon and sustainability.
“The Sustainium Group is delighted to acquire Wolverhampton Glass,” Neal said, who recently stepped down from his role as director of a regional home improvement company to launch the venture.
“Thanks to four decades of experience, it has an excellent reputation locally, and we are already investing in new premises, an exciting new showroom, and expanding the management team. Our focus now is to build on that reputation to enable Wolverhampton Glass to thrive.”
Trading from the Pelham Works site on Pelham Street in Wolverhampton since 1975, Wolverhampton Glass has been installing windows, doors and conservatories across Wolverhampton and the West Midlands for over 40 years.
Previous owner Steve Newey said: “It was the right time to sell and dealing with Neal and the Sustainium Group made the whole process straightforward as they were able to move quickly and decisively.”
The Sustainium Group acquires businesses that have a good reputation locally with annual turnover between £750,000-£10 million, and at least three years trading history. It purchases 100% of the shares and the business will continue to operate under its own name.
It also aims to retain the existing staff, while owners can often be retained on a consultancy basis or even in a key role within the business by agreement.