Cairngorm Capital Backs Management Buyout of Bromborough Paint & Building Supplies

PaintWell (Cairngorm Capital) Acquires Kent Blaxill

November 10, 2022

Building Products

Cairngorm Capital-backed PaintWell Limited has acquired Kent Blaxill Group Limited, adding 23 branches and extending PaintWell’s branch network across the East of England and the South East. The enlarged group will operate 46 branches with c.250 employees and combined revenues of £55m; members of the Kent and Blaxill families are exiting but reinvesting and Kent Blaxill’s management will remain.

PaintWell (backed by Cairngorm Capital) Acquires Promain UK Limited

October 13, 2022

Building Products

PaintWell Limited, supported by its backer Cairngorm Capital Partners LLP, has acquired Promain UK Limited, the UK's largest distributor of industrial paints and surface coatings. The deal expands PaintWell's industrial paints offering, creates a new industrial paints division anchored by Promain, and facilitates the retirement of Promain's owners, Mark French and Carol Barry.

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.

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.

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

October 11, 2019

Building Products

Cairngorm Capital has acquired Chandlers Building Supplies Limited and will merge it with its existing builders' merchant brands Parker Building Supplies (Parkers), Stamco and Fairalls to form the Independent Builders' Merchant Group. The enlarged business will operate 37 branches across the Midlands and South East with combined revenues of £180 million and over 750 employees; Chandlers contributes 14 branches, approximately £60 million in revenue and over 230 employees.

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.