Cairngorm Capital Acquires Chandlers Building Supplies and Merges It with Parkers to Create Independent Builders' Merchant Group

Cairngorm Capital Acquires Fairalls (Builders' Merchants)

July 18, 2019

Building Products

Cairngorm Capital Partners has acquired Fairalls (Builders' Merchants) Limited, adding it to its existing building merchant businesses Parkers Building Supplies and Stamco to create the largest independent builders' merchant group in the South East of England. The enlarged group operates 24 branches with over 500 employees and combined revenues of approximately £120 million; Fairalls itself reported c.£15m revenue and about 85 employees and will continue to trade under the Fairalls brand with Richard Fairall remaining involved during the transition.

Cairngorm Capital Backs Management Buyout of Bromborough Paint & Building Supplies

March 19, 2021

Building Products

An affiliate of Cairngorm Capital LP III has made a majority investment in Bromborough Paint & Building Supplies Ltd, supporting a management buy-out by the company’s executive team and enabling owner Neville Wellings to retire. Cairngorm will partner with directors Giuseppe Alfonso, John Ferrington and Dan Peacock, backing geographic expansion (new branch in Warrington) and a buy-and-build strategy while investing in Bromborough's ecommerce platform Trade1st.

Parker Building Supplies Acquires Sussex Turnery and Moulding Company (Stamco)

June 17, 2019

Building Products

Parker Building Supplies, a portfolio company of Cairngorm Capital Partners, has acquired Sussex Turnery and Moulding Company Limited (trading as Stamco). Stamco, a Hastings-headquartered independent builders' merchant and wholesale timber processor with five branches, ~180 employees and reported 2018 revenue of £32m, was sold as owners Mike Cullis and Roger Brightiff retired; the deal expands Parkers' footprint to 20 branches across Sussex and Kent with combined revenues of more than £100m and over 450 employees.

Cairngorm Capital-backed Grant & Stone Acquires RGB Building Supplies, Buildit Gloster and Total Plumbing Supplies

March 1, 2021

Building Products

Cairngorm Capital’s portfolio company Grant & Stone Group has completed three add-on acquisitions—RGB Building Supplies, Buildit Gloster and Total Plumbing Supplies—creating the largest independent builders’ merchant group in southern England with 74 branches, combined revenues approaching £250m and more than 1,000 employees. The transactions expand Grant & Stone’s geographic footprint across Somerset, Devon, Cornwall, Gloucestershire and Wiltshire as part of a roll-up growth strategy supported by Cairngorm Capital.

Cairngorm Capital Merges Grant & Stone and Independent Builders Merchant Group (IBMG)

September 20, 2021

Building Products

Cairngorm Capital Partners has merged two of its portfolio companies, Grant & Stone Group and Independent Builders Merchant Group (IBMG), to form the largest independent builders' merchant group in southern England. The combined business (trading at group level as IBMG) comprises 123 branches, revenues in excess of £500 million and more than 1,700 employees, creating a platform for further growth, new market entry and M&A.

Grant & Stone (Cairngorm Capital) Acquires CRS Building Supplies

January 18, 2021

Building Products

Cairngorm Capital-backed Grant & Stone has acquired CRS Building Supplies Limited, merging the Somerset-based builders merchant into the Grant & Stone group as part of its buy-and-build strategy. The deal adds CRS’s 12 branches and local brand to Grant & Stone’s footprint, creating an enlarged group with 44 branches, over 500 employees and revenues in excess of £140m; the transaction was driven by the CRS owners' succession planning.