Leading global investment firm Asian Fintech Ventures Assets ( AFVA ) which focuses on investment opportunities in the Fin-tech sector across Asia, has invested $25 million to acquire a significant minority stake in lnsulation and Construction Materials Conglomerate Building Resources Group ( BRG ).
This growth equity investment enables Building Resources Group ( BRG ) to scale operations and pursue platform acquisitions as it addresses the expanding global market for its services. With the vision of becoming a specialized Insulation Materials Distributor, Stockist and Insulation Solution Provider in Asia, Building Resources Group was incorporated with a good range of quality products for Roofing, Partitions, HVAC, FACADE, Waterproofing, marine & Offshore, Industrial and plumbing sectors
The Deal Values BRG at more than $70 Million and is seen to be fundamental to the growth of BRG in Asia. Dr Nicholas Xie , Founder and Executive Director of BRG , said: “The combination of BRG’s distribution capabilities and Asian Fintech Venture’s strength in its business network and expertise in financial markets will enhance opportunities for both firms.”
Largely, they will be using the funds for fundamental expansion in terms of teams and infrastructure across the globe. They are expanding their services and now there is a clear large opportunity in front of them. With the help of AFVA, they will be able to expand their services all through Asia much faster. BRG Started as a 5 person team 12 years ago, and today is known as one of the largest insulation materials companies in South East Asia representing the most reputable brands.
Building Resources Group is a company registered in Singapore with Venture Capitalist being the largest shareholder. Most recently BRG Partnered with Soprema, a world leading manufacturer of waterproofing solutions as well as roofing materials , sound and thermal insulation. Building Resources Group ( BRG ) is a leading Thermal , Acoustic and Fire protection distributor Based in Singapore, with Subsidiaries and Affiliated Companies Across South East Asia. BRG has been providing unique solutions from world class manufacturers for the past decade, delivering Millions of square meters of insulation to construction, marine and offshore projects.
Building Resources Group’s products are tested and accredited by reputable testing bodies worldwide. They have rapidly gained reputation for being one of the largest insulation distributors in Singapore distributing quality insulation products to many prominent industrial, marine and construction projects. Recognizing the growing need of energy conservation and opportunities in Asia, BRG with the strong support of the Venture Capitalist has embarked on an expansion strategy and has acquired and established several offices and warehouses throughout the region to further emphasize its presence and brand value in the region. Together, the group now has an Annual Turnover Exceeding USD300 Million and Employs Close to 1500 Employees in 7 countries Worldwide.
For more information please visit https://buildingresourcesgroup.com/
