Cairngorm Capital Partners announces that it has acquired Grant & Stone Limited, a leading independent builders’ merchant based in the Thames Valley and its ecommerce subsidiary, Trading Depot UK Limited. Cairngorm Capital is acquiring the business from its founding shareholders and supporting the current management team, led by Chief Executive, Nick House.
Established in 1987, Grant & Stone is an independent, family-run provider of quality products and services for the building, plumbing and electrical trades. Via its three specialist building, plumbing and electrical divisions, it has 29 branches across the Thames Valley, consisting of builders’ merchants, electrical wholesalers, plumbers’ merchants, timber merchants, as well as eight kitchen and bathroom showrooms. Its ecommerce subsidiary, Trading Depot, was launched in March 2008 as a one-stop solution for competitively priced, quality building supplies and tools to trade and retail customers. Headquartered in High Wycombe, Grant & Stone employs 360 people and in 2019, achieved revenues of £100m.
This is Cairngorm Capital’s 23rd proprietary transaction since July 2016. Grant & Stone will operate as a separate, independent business from Cairngorm Capital’s other building supplies brands.
Cairngorm Capital aims to expand Grant & Stone through a combination of new branch openings and acquisitions. Grant & Stone will benefit from capital and expert strategic guidance to support its geographic expansion and new customer acquisition. The ambition is to increase the scale of the business to become a market leader in the builders’ merchant sector in the region.
