Grant & Stone acquires Gloucestershire builders' merchant
By Matt Hall | 2nd March 2021
High Wycombe based Grant & Stone Group has revealed its acquisition of Buildit Gloster Limited (Buildit), continuing its strategy to expand through a combination of acquisition, new site development and organic growth.
Established in 2009, Buildit is an independent builders' merchant headquartered in Gloucester. Along with its two other branches in Cam and Malmsbury, the business provides a broad range of building materials to trade and retail customers across Gloucestershire and Wiltshire.
Grant & Stone said the transaction will be highly complementary, as both companies share common values, vision and a commitment to the highest standards of customer service.
Buildit managing director Derek Meecham, finance director Brenda Meechan and operations director James Keyse will work with managing director of Grant & Stone's Builders & Timber Merchants division Mat Miller, to support the firm's integration into the Grant & Stone Group.
Mat Miller said: "We are delighted to welcome Buildit to the Group. Our shared values, vision and commitment to customers makes for an obvious partnership and a welcome addition to our Group. We are at a really exciting point in our development and this partnership strengthens our plans for growth."
Grant & Stone is a business that has grown in just the last 15 months from 29 branches in the Thames Valley, to 74 branches across the south of England, with plans for further expansion.
Buildit managing director Derek Meecham added: "The directors are proud of all that we have achieved to date but we recognise that this is the natural point for us to pass the company to new, trusted custodians who can deliver on its future potential.
"We are looking forward to facilitating a successful handover of the business to Grant & Stone and are confident that under its stewardship, Buildit will go from strength to strength."
Grant & Stone was advised on this transaction by Grant Thornton (financial and tax) and Gowling (legal). Buildit was advised by Harrison Clark Rickerbys (legal) and Azets (finance).
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