IPCOM, headquartered in Belgium, brings together a group of companies across Europe specialising in the distribution and conversion of innovative solutions for thermal insulation, high-temperature insulation, passive fire protection and acoustic insulation. IPCOM’s customers are installers, international contractors, wholesalers and OEMs in various industries and markets. IPCOM employs 1500 people and delivers its solutions in 18 European countries through a network of more than 80 outlets.

IPCOM has completed the following acquisitions of:

RSL Group, based in the UK and Ireland, a distributor of refrigeration, air conditioning and associated equipment for industrial and commercial applications. The company employs over 50 people and works with leading manufacturers to deliver high quality products and support across a range of industry sectors.
A majority stake in UK-based IBSL Group Ltd, which includes IBSL and MW Insulation. The Group has extensive expertise in industrial and building insulation and provides specification, manufacturing and product supply of various materials such as cellular glass, calcium silicate, phenolic, PIR, mineral wools, aerogels.

These strategic partnerships represent the opportunity for IPCOM to expand its core offering and penetrate the UK market, while RSL Group and IBSL Group Ltd would benefit from IPCOM’s knowledge, skills and network to continue their growth.

Eight Advisory team members supporting on this transaction:

Financial Due Diligence: Pieter Wygaerts, Partner, Margot De Vylder, Director, Yannick Goris, Manager, Andrea Chiavelli Manager and Thomas Fleury, Analyst
Tax Due Diligence: Dean Lake, Partner, Tom Sykes, Senior Manager and Phoebe Lightfoot, Senior