Cairngorm Capital Partners (Cairngorm Capital) 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.
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.
The incumbent management team will be supported by a strengthened board led by David Moore, who joins as non-executive Chairman and John Declerck who joins as a non-executive director. David has over 20 years’ experience in the building materials sector, is the Chair of Customade and MRO+ Solutions, and the former CEO of MKM and Ultraframe plc. John Declerck has over 20 years’ global experience from leading building products distribution companies including Kingfisher and Home Depot in North America. Both bring invaluable experience of developing and strengthening businesses in the building supplies sector.
