Cairngorm Capital has acquired Chandlers Building Supplies Limited (Chandlers). It will merge Chandlers with its existing builders’ merchants brands, Parker Building Supplies (Parkers), Stamco and Fairalls, consolidating its position in the South of England as the leading independent supplier.
The new enlarged company, which will be part of a holding company known as the Independent Builders’ Merchant Group, has 37 branches operating from the Midlands to the South East, with combined revenues of GBP 180 million and over 750 employees.
Established in 1993, Chandlers is a privately-owned, independent builders’ merchant offering a mix of heavy and lightside building materials to the construction industry.
The transaction was prompted by Chandlers’ current owners’ desire to take the business to the next level. Andrew Cope, Chandlers’ Managing Director, will now join the board of the new combined company as a Board Director. The senior management teams of both companies will merge under the leadership of Chris Maityard, Parkers’ Chief Executive, to scale the business and generate further growth, ensuring the company fulfils its potential.
The transaction was led by Alex Bayliss, Managing Director at Cairngorm Capital who explained, “We are working to build the leading independent builders’ merchant in the South East of England. Chandlers is an excellent company with a strong brand and an outstanding reputation with its customers. The merger with Parker Building Supplies is highly complementary, extending our presence and product range. We are delighted to welcome Chandlers to the group.”
