It has Been Decided to Acquire Three Builders’ Merchant Companies.

An investment group of construction merchant companies purchased the site. Cairngorm Capital Partners-backed Grant & Stone Group has acquired three firms in the South West, bringing its total acquisitions to three.

RGB Building Supplies, Buildit Gloster, and Total Plumbing Supplies have all merged, resulting in a larger company with 74 locations ranging from West London to Cornwall, over 1,000 employees, and overall sales of £250 million. RGB Building Supplies, Buildit Gloster, and Total Plumbing Supplies are all now part of the RGB Group.

The transactions follow the acquisitions of 3Counties in Buckinghamshire and CRS Building Supplies in Somerset, which took place in September 2020 and January, respectively, in the previous two months. RGB Building Supplies, a part of Rawle Gammon & Baker Holdings, is a South West-based independent builder’s merchant with 22 sites servicing clients in Somerset, Devon, and Cornwall. RGB Building Supplies is a subsidiary of Rawle Gammon & Baker Holdings, which is located in Bristol.

Total Plumbing Supplies is a five-branch plumbers’ merchant with its headquarters in Devon. The company serves trade and retail clients throughout Dorset, Wiltshire, Somerset, and Devon, among other areas. Founded in Gloucestershire, Buildit Gloster is a three-branch builders’ merchant that supplies a variety of building materials to both trade and retail customers throughout the county. Total Plumbing Supplies is a five-branch plumbers’ merchant based in Devon that serves both trade and retail customers throughout Dorset, Wiltshire, Somerset and Devon.

Providing investment money, strategic guidance, and business expertise to creative management teams is consistent with Cairngorm Capital’s approach, which is also linked with the acquisition programme.  A firm that has grown from 29 branches in the Thames Valley to 74 branches throughout the south of England in the previous 15 months, building a solid basis for future expansion has been established.

“We are actively involved in the strategy and operational growth of our portfolio firms as investors,” said Alex Bayliss, managing director of Cairngorm Capital, who oversaw this deal. Recognizing the excellent talents and capabilities of Grant & Stone’s management team, we have been working together to select ideal partners with strong reputations and performance that are complementary to Grant & Stone.”

Nick House, Grant & Stone’s Group chief executive, stated, “Grant & Stone is at a really exciting time in its expansion, and we are fortunate to benefit from strong investor backing, great goods, first-rate people, and a well-deserved reputation for superior service.”

The addition of RGB CEO Kevin Fenlon to our Group Board of Directors has been much anticipated, and we look forward to the prospects provided by these acquisitions.” Purchase Vitrified Paving in UK prices In connection with the most recent transactions, Grant Thornton (financial and tax), Gowling (legal) and MDW Capital provided guidance to Cairngorm Capital and Grant & Stone, respectively (financing advice).

The initiative was made possible by the generosity of Ares and Santander. It was via the aid of PKF Francis Clark’s corporate finance team, which was led by Andrew Killick and Matt Willmott, which RGB Building Supplies was sold to the Grant & Stone Group. Ashfords also provided RGB with information on the deal.

“We are delighted to have worked with Kevin and his team over the last few years, beginning with the MBO in 2014 and culminating in the successful transaction with Grant and Stone and Cairngorm,” said Matt Willmott, corporate finance director at PKF Francis Clark. “We are delighted to have worked with Kevin and his team over the last few years, starting with the MBO in 2014 and now culminating in the fruitful transaction with Grant and Stone and Cairngorm.”

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