Wick Hill has received an investment boost from Rigby Private Equity enabling the distributor to pursue its growth and international expansion plans. Rigby Private Equity operates as an independent entity within Rigby Group Investments and the deal brings an opportunity for Wick Hill to expand into Europe and the Middle East. There will be no change to Wick Hill's modus operandi following the investment other than the scaling up of its growth ambitions.
Wick Hill Group Chairman Ian Kilpatrick commented: "This deal gives Wick Hill an opportunity for major growth and the chance to take our distribution model across Europe and the Middle East.
"Some of our vendors and potential vendors, as well as some of our customers, have been asking us for an international network and we will now be able to deliver that."
Paul Eccleston, Head of Rigby Private Equity, said: "Rigby Private Equity has been formed to identify established companies with a great value proposition and plans for strong growth.
"Our aim is to invest in these companies, so we can support the acceleration of their growth plans.
"This is an exciting time for us, for the Wick Hill team and for Wick Hill's customers and vendor partners."