Builders’ merchants merge to create 123-branch chain

Aaron Morby 4 years ago
Share

Grant & Stone Group and Independent Builders Merchant Group have merged to create a 123-branch chain across southern England.

The expanded IBMG will now boast revenues of over £500m and employ over 1,700 staff.

The latest deal comes after a spate of major merger and acquisition activity in the construction distribution sector.

The expanded group now covers Cornwall to Kent and comprises builders’ merchants, electrical wholesalers, plumbers’ merchants, kitchen and bathroom showrooms, roofing merchants, a timber processing site, and a dedicated ecommerce business.

With the support and investment from their strategic partner, Cairngorm Capital, both businesses have scaled-up in recent years.

IBMG has grown from 15 branches and revenues of £67m just over three years ago to 39 branches and revenues of over £200m.

In parallel, Grant & Stone has grown from 29 branches in the Thames Valley and revenues of £100m two years ago to 84 branches between London and Cornwall, and revenues in excess of £300m.

The merger creates the largest independent builders’ merchant group in southern England.

At a group level, the new combined company will be known as Independent Builders Merchant Group although existing trading names and brands will continue to be used for all customer-facing activity.

IBMG’s 12 brands

Buildit, Chandlers Building Supplies, Chandlers Roofing, CRS Building Supplies, Devondale Electrical, Fairalls Builders Merchants, Grant & Stone, Parkers Building Supplies, RGB Building Supplies, Stamco Timber, Total Plumbing Supplies, and Trading Depot.

Nick House, Group Chief Executive of Grant & Stone, will lead the new combined IBMG business, with Peter Cudd (Group Managing Director).

Nick House, group chief executive of IBMG, said: “This merger is the natural progression for both companies. Our branch networks and product ranges are highly complementary and our values, vision and commitment to customers are completely aligned, which creates exciting opportunities for us all.”

Latest news

Green light for £100m Liverpool Baltic station build

Enabling highway works to start in the autumn
15 hours ago

Three firms land £170m Gentoo Sunderland housing deal

PHS Solutions, Esh and RE:GEN to deliver 10-year home upgrade plan
16 hours ago

Gateway gridlock hits build-to-rent delivery as starts nosedive

Build to rent starts plunge 18% in the capital
22 hours ago

Call to shift Gateway 2 checks to end building bottleneck

"The current system isn't working but we all want to see safe buildings"
21 hours ago

GBN launches £600m bid race for SMR engineer roles

Owner engineers to provide technical and assurance services
22 hours ago

Wates hires ex-Homes England chief to head public sector push

Robert Stone to spearhead its public sector and national frameworks strategy
22 hours ago

Acheson Construction collapse costs suppliers £8.5m

One frustrated creditor seized a telehandler after contractor went into administration
2 days ago

Dominus wins go-ahead for 173-bed Glasgow scheme

Old Wynd Street job expected to cost around £25m to build
2 days ago

Safety Regulator misses deadline to clear Gateway 2 backlog

Investors pulling out of funding high rise buildings
2 days ago

CITB still sitting on £95m cash pile

Staff numbers jump from 666 to 763 as training body wage bill soars
2 days ago

£500m road surfacing framework market call

NEPO goes out to consultation on north east regional highways deal
2 days ago

Two share £220m Scottish rail repairs and minor works deal

AmcoGiffen and CPMS win civils and building repair deals
2 days ago

Builder wanted for £60m London leisure and flats job

Tower Hamlets aims to replace St George’s Leisure Centre in Shadwell
2 days ago

Contractor confirmed for business park expansion

Roe Developments to start on next phase of Castle Donington scheme
2 days ago

Driver escapes injury as scaffold collapses onto van

Major three-lift scaffold fall blocks north London high street
7 days ago

Gilbert Ash to be sold to staff

£267m turnover contractor to transition to an Employee Ownership Trust
1 week ago

M Group seals biggest-ever deal with Telent takeover

Digital infrastructure specialist deal lifts turnover to £3bn
1 week ago

Aggregates firm Ashville went down owing more than £3m

Debts revealed in Companies House update
7 days ago

Cardo saves 100 jobs at Breyer roofing arm

Private equity-backed Welsh maintenance group continues to expand
1 week ago

Excavator knocked off lorry going under bridge

Traffic Commissioner inquiry after accident in south London
7 days ago

Czech energy tycoon buys UK’s biggest rebar supplier

Spanish offload Celsa UK operation to be rebranded 7 Steel UK
1 week ago

Caddick Construction targets £400m turnover

Regional shake-up pays off at contracting arm
1 week ago

Redrow chief steps down after Barratt merger

Matthew Pratt leaving after 22 years
1 week ago

United Living names new property services senior team

New CEO and COO appointed to lead growth in housing upkeep and retrofit
1 week ago

Wynne triples turnover in three years to over £90m

Five-year growth strategy pays off
1 week ago

Speedy Hire blames Budget for branch closures

National Insurance rises accelerate closure programme
1 week ago

Builder gets suspended sentence for Covid loan fraud

M&E specialist inflated turnover to claim maximum loan
1 week ago

Scores of M&E firms win places on £400m CHIC framework

Axis Europe and Seddon secured spots on social housing deal
1 week ago

Coroner hears how worker was crushed under digger

Inquest opens into tragedy at Rose Builders site
1 week ago

Billington lowers 2025 forecast amid pricing pressure

Tender prices under pressure due to project delays and cancellations
1 week ago

Contractor services