The home was bought by a group of building merchant corporations. Cairngorm Capital Partners-backed Grant & Stone Group has purchased three businesses in the South West. The company is an acquisitive builders’ merchant with an emphasis on growth.
A larger business with 74 locations ranging from West London to Cornwall, over 1,000 employees, and total revenue of £250 million has been formed by the merger of RGB Building Supplies, Buildit Gloster, and Total Plumbing Supplies. RGB Building Supplies, Buildit Gloster, and Total Plumbing Supplies are now one company.
In September 2020, 3Counties in Buckinghamshire and CRS Building Supplies in Somerset were acquired, and the sales were completed in January 2020 and September 2020, respectively. RGB Building Supplies is a South West-based independent builder’s merchant with 22 sites in Somerset, Devon, and Cornwall, servicing clients throughout the region. RGB Building Supplies is a subsidiary of Rawle Gammon & Baker Holdings, which is based in the United Kingdom.
Total Plumbing Supplies is a five-branch plumbers’ merchant based in Devon that services trade and retail clients in Dorset, Wiltshire, Somerset, and Devon. Total Plumbing Supplies was founded in 1983 and has grown to serve consumers throughout the United Kingdom. Total Plumbing Supplies is a five-branch plumbers’ merchant based in Devon that serves trade and retail clients throughout Dorset, Wiltshire, Somerset, and Devon. Total Plumbing Supplies is a member of the Plumbing Supplies Association. Founded in Gloucestershire, Buildit Gloster is a three-branch builders’ merchant that sells a variety of building materials to both trade and retail customers throughout the county. Total Plumbing Supplies is a five-branch plumbers’ merchant that is headquartered in Devon and serves both trade and retail customers throughout the counties of Dorset, Wiltshire, Somerset, and Devon.
According to Cairngorm Cash’s objective of offering investment capital, strategic assistance, and industry experience to management teams with innovative ideas, the acquisition programme is compatible with that approach.
Grant & Stone has grown from 29 locations in the Thames Valley to 74 branches throughout the south of England in the previous 15 months, establishing a strong foundation for future growth.
Managing director of Cairngorm Capital, Alex Bayliss, stated, “We are actively engaged in the strategy and organisational growth of our portfolio businesses as investors.” Bayliss was the driving force behind the transaction.
Understanding the excellent management team at Grant & Stone, we’ve been working together to identify ideal partners with strong reputations and track records who can complement Grant & Stone’s strengths.”
We are fortunate to have strong investor support, excellent products, outstanding employees, and a well-deserved reputation for superior service,” said Nick House, Grant & Stone’s Group CEO. Discounted Steps, Edging and Kerbs online” We are at a pivotal juncture in our growth, and we are fortunate to have strong investor support, excellent products, top-notch employees, and a well-deserved reputation for superior service,” said Nick House, Grant & Stone’s Group CEO.
The addition of RGB CEO Kevin Fenlon to our Group Board of Directors is a pleasure, and we are enthusiastic about the opportunities that these purchases will bring.” Grant Thornton (finance and tax), Gowling (legal), and MDW Capital provided assistance on the most recent deals, which were completed by Cairngorm Capital and Grant & Stone (financing advice).