Independent Builders Merchant Group (IBMG) Acquires Cornish Fixings (Redruth)

March 1, 2022

Independent Builders Merchant Group (IBMG), a portfolio company of Cairngorm Capital Partners, has acquired Cornish Fixings (Redruth) Limited, a single-branch builders' merchant based in Redruth, Cornwall. The deal is an add-on acquisition that strengthens IBMG/RGB's presence in the South West, secures succession for Cornish Fixings' founder Jon Sawyer, and provides a platform for further growth in the Redruth area.

Buyers
Independent Builders Merchant Group (IBMG), Cairngorm Capital Partners
Targets
Cornish Fixings (Redruth) Limited
Sellers
Jon Sawyer
Platforms
Independent Builders Merchant Group (IBMG), RGB Building Supplies (RGB)
Location
Cornwall, United Kingdom
Transaction Type
Addon

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