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TOTAL TILES SOLD TO CMO STORES

Online building and home improvement store CMOStores.com has acquired online tile retailer Total Tiles. 

The transaction, which was completed on 31st December 2020, is the second acquisition by the CMOStores group, following the acquisition of DoorWeb in 2018. The acquisition is part of a strategy to expand the group in the coming years, supported by private equity house Key Capital Partners (KCP) who advised on the transaction.

CMOStores.com has experienced a sustained period of growth since it secured investment of £8.65 million from KCP in 2017. 

Following the acquisition, Ipswich-based Total Tiles will continue to be led by incumbent managing director Andy Moore.

CMOstores.com’s Managing Director, Sue Packer, said: “We are very pleased to have completed this latest acquisition, which supports our growth ambitions by expanding our presence in the burgeoning home improvement sector. We are excited to work with Andy to support the continued success of the CMOStores Group and Total Tiles in 2021 and beyond.”

Andy Moore, Managing Director of Total Tiles, added: “I’m looking forward to taking Total Tiles from strength to strength with CMO’s considerable backing and assistance. We have already achieved a great deal with Total Tiles, successfully growing our revenue, and going forward we plan to use this platform to build on our success in the future.”

Key Capital Partners’ investment partner, James Excell, said: “We are very happy to have assisted CMO with its second acquisition, and to be welcoming Total Tiles into the group. The acquisition underlines our ambition for the CMOStores Group and demonstrates the company’s commitment to increasing its value and market share.”

https:totaltiles.co.uk

www.cmostores.com

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