Cairngorm Capital Partners’s (Cairngorm Capital) is pleased to announce that its portfolio company, Grant & Stone Group (Grant & Stone), has completed the acquisitions of RGB Building Supplies, Buildit Gloster and Total Plumbing Supplies, to create one of the largest independent builders’ merchant groups in southern England.
In September 2020, it bought Buckinghamshire-based 3Counties1 and in January 2021, it acquired CRS Building Supplies2, a 12 branch builders’ merchant in Somerset. Today, Grant & Stone announces three further acquisitions:
• Rawle Gammon & Baker Holdings Limited, trading as RGB Building Supplies3, the leading independent builders’ merchant in the South West, with 22 branches serving customers across Somerset, Devon and Cornwall.
• Buildit Gloster Limited4, a three branch builders’ merchant providing a broad range of building materials to trade and retail customers across Gloucestershire and Wiltshire
• Total Plumbing Supplies Limited5, a five branch plumbers’ merchant headquartered in Devon, supplying trade and retail customers across Dorset, Wiltshire, Somerset and Devon.
Read more at: Private Equity Wire
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