Headquartered in Stroud, Gloucestershire, Dougfield Plumbers Supplies generated £9m earnings closing One year from 10 branches across south Wales and southwest England.
Cairngorm Capital has been increasing its IBMG trade by way of acquisitions, along side Parker Building Supplies in 2018 and Chandlers Building Supplies in 2019. Backed by Cairngorm, the unique Parker trade has grown from 15 branches and revenues of £67m, to 39 branches and revenues of extra than £200m.
Individually, Cairngorm sold High Wycombe-essentially based completely Grant & Stone in November 2019, which modified into then ragged to obtain 3Counties in Buckinghamshire, CRS Building Supplies, Rawle Gammon & Baker (RGB), Buildit and Entire Plumbing Supplies. In decrease than two years Grant & Stone grew from 29 branches and revenues of £100m to 84 branches and £300m revenues.
In 2020 Cairngorm merged Grant & Stone into IBMG to obtain them a single company
Matt Bland, managing director of IBMG’s plumbing and heating division acknowledged, “We are cheerful to welcome Dougfield Plumbers Supplies to the neighborhood. We luxuriate in fundamental in identical old, so that is a sturdy and logical partnership. Our persevered honest is to be the impartial provider provider of selection as the very best probably provider for our customers’ heating and plumbing wants. Geographically our partnership is very complementary, and we’re cheerful to be ready to present our specialist plumbing and heating provision in Wales for the main time.”
Dougfield Plumbers Supplies modified into founded in 1993 by Doug Discipline. It has branches in Stroud, Gloucester, Cheltenham, Exeter, Saltash, St Austell, Penryn, Bridgend, Barry, Treforest and Swansea.
Tim Stickland, industrial and finance director of Dougfield Plumbers Supplies, acknowledged: “I’m confident that this acquisition will present a mighty home for each our customers and our these that will thrive inside a extremely revered, impartial plumbing and heating provider provider angry by ideal buyer provider.”
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