It was purchased by a group of investment companies comprised of construction merchant businesses. A total of three firms in the South West have been acquired by the Cairngorm Capital Partners-backed Grant & Stone Group, bringing the group’s total number of acquisitions to three.
Several building supply companies, including RGB Building Supplies, Buildit Gloster, and Total Plumbing Supplies, have merged, resulting in a larger company with 74 locations ranging from West London to Cornwall, over 1,000 employees, and annual sales of £250 million. RGB Building Supplies is a division of Buildit Gloster, which employs over 1,000 people. Among the companies that have joined the RGB Group are RGB Building Supplies, Buildit Gloster, and Total Plumbing Supplies.
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 two months preceding the current period of business. A division of Rawle Gammon & Baker Holdings, RGB Building Supplies is a South West-based independent builder’s merchant with 22 locations in Somerset, Devon, and Cornwall, serving clients throughout the region. A subsidiary of Rawle Gammon & Baker Holdings, which is based in Bristol, RGB Building Supplies is a leading provider of building materials and services.
Founded in Devon, Total Plumbing Supplies is a plumbers’ merchant with five locations throughout the United Kingdom. A number of counties, including Dorset, Wiltshire, Somerset, and Devon, are served by the company’s wholesale and retail clients PLASTERBOARD pricing in UK. The Gloucestershire-based builders’ merchant Buildit Gloster has three locations in the county and supplies a wide range of building materials to both trade and retail customers across the county. Founded in Devon, Total Plumbing Supplies is a plumbers’ merchant with five locations serving customers in Dorset, Wiltshire, Somerset, and Devon. Total Plumbing Supplies provides plumbing supplies to both trade and retail customers in these counties.
It is consistent with the approach taken by Cairngorm Capital, which is also linked to the acquisition programme, to provide investment money as well as strategic guidance and business expertise to creative management teams. Established is a company with grown from 29 branches in the Thames Valley to 74 branches throughout the south of England in the previous 15 months, laying the groundwork for future growth and establishing a strong foundation for future expansion.
Managing director of Cairngorm Capital, Alex Bayliss, who oversaw this transaction, stated: “We are actively involved in the strategy and operational growth of our portfolio firms as investors.” As a result of the outstanding talents and abilities of Grant & Stone’s management team, we have been working together to identify ideal partners with strong reputations and performance that are complementary to Grant & Stone.”
As Nick House, Grant & Stone’s Group CEO, put it: “Grant & Stone is entering an extremely exciting phase of its growth, and we are fortunate to have strong investor backing, excellent products, first-rate employees, and an established reputation for providing superior service.”
The appointment of RGB CEO Kevin Fenlon to our Group Board of Directors has been eagerly awaited, and we are excited about the opportunities that these acquisitions will provide.
” Get the best deals on Vitrified Paving in the United Kingdom. Accordingly, Grant Thornton (financial and tax consulting), Gowling (legal consulting), and MDW Capital provided advice to Cairngorm Capital and Grant & Stone in connection with their most recent transactions, respectively (financing advice).
Ares and Santander’s generosity made it possible to launch this initiative. PKF Francis Clark’s corporate finance team, which was led by Andrew Killick and Matt Willmott, assisted in the sale of RGB Building Supplies to the Grant & Stone Group with the assistance of the corporate finance team at PKF Francis Clark. R&G received information about the transaction from Ashfords as well.
In a statement, Matt Willmott, corporate finance director at PKF Francis Clark, said: “We are delighted to have worked with Kevin and his team over the last few years, starting with the MBO in 2014 and culminating in the successful transaction with Grant and Stone and Cairngorm.” Kevin and his team have done an excellent job for us over the past few years, beginning with the MBO in 2014 and culminating with the successful transaction between Grant and Stone, as well as Cairngorm.