Cairngorm Capital Partners Acquires Grant & Stone

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 Acquires Devondale Electrical Distributors

June 1, 2021

Building Products

Grant & Stone, a portfolio company of Cairngorm Capital Partners, has acquired Devondale Electrical Distributors, the largest independent electrical wholesaler in the South West of England. The add-on expands Grant & Stone's electrical division with nine additional branches based in Somerset and Devon, providing geographic expansion, product extension and securing succession for Devondale's owner and managing director, Paul Wood.

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.

Grant & Stone Acquires 3Counties Timber & Building Supplies

October 1, 2020

Building Products

Grant & Stone, a portfolio company of Cairngorm Capital Partners, has acquired 3Counties Timber & Building Supplies Ltd in a bolt-on transaction triggered by the seller's succession planning. The acquisition expands Grant & Stone's geographic footprint in the Thames Valley/Home Counties and strengthens its timber and building materials offering across Aylesbury and Hemel Hempstead.

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.