We have advised Power Sheds on their exciting partnership with BSW Group (member of Binderholz), the largest integrated forestry business in the UK, who has acquired a stake in the company.
Having only been operating since 2019, Power Sheds was launched manufacturing wooden garden buildings such as sheds and summerhouses. Just three years later, the Bradford-based company have won a raft of industry awards and become one of the biggest disrupters in the industry, with a turnover in excess of £15m. They are a Top 100 Company and one of the 10 fastest growing businesses in the UK.
Power Sheds’ CEO, Jack Sutcliffe, and Director, Simon Hobson, will remain in control and continue to drive the business forward in their venture with BSW Group.
“Our new partnership with BSW Group is really exciting for the company and gives us a great opportunity to build Power Sheds into a worldwide brand and break into new markets such as the US and Europe.” Power Sheds’ CEO Jack Sutcliffe explained. “I’m looking forward to building the business even further and seeing where it takes us over the next few years.”
Founded in 1848 in Berwickshire, Scotland, BSW Group is the largest integrated timber and forestry business in the UK, with a turnover in excess of £700m. The group has operating divisions spanning tree nurseries, forestry, harvesting, sawmilling, timber processing and energy, while being committed to supporting sustainable forestry.
“We are really impressed with the rapid growth and success that Power Sheds has achieved in only three years, so the team was very excited to develop a relationship and help it expand to its full potential. We are very much looking forward to working together.” Alan Milne, CFO of BSW Group explained.
Global sawmiller Binderholz acquired BSW Group in January 2022, meaning it is now the largest sawmilling timber group in Europe with access to markets on a global scale. They aim to diversify and widen the success of Power Sheds in new markets across the world.
Power Sheds employs 75 staff at the Bradford headquarters. The company’s current leadership including Jack Sutcliffe and Simon Hobson will stay in place. Alan Milne joins Jack and Simon on the Power Sheds Board.