Cairngorm Capital supports IBMG’s acquisition of Merkko Builders Merchant9 May 2022
Cairngorm Capital Partners has announced that its portfolio company Independent Builders Merchant Group (IBMG) has acquired Merkko Builders Merchants Ltd (Merkko), extending its network of branches in Oxfordshire and Berkshire.
Merkko, which supplies trade and retail customers across Oxfordshire and Berkshire, has two branches in Kingston Bagpuize, Abingdon and Aldermaston, both stocking a comprehensive range of construction materials for building and civil engineering projects.
Strategically, the move extends IBMG’s builder’s merchant offering geographically and provides a strong platform for further growth.
The partnership with IBMG resolves future succession questions for Merkko. Merkko will join IBMG’s builders’ merchants division, led by Mat Miller, managing director of Grant & Stone Builders Merchants. Ian Duckitt, managing director of Merkko, will continue to lead the business, working with Mr Miller to grow Grant & Stone’s presence in Berkshire and Oxfordshire.
IBMG is the largest independent builders’ merchant group in the South of England with 163 branches operating from Penzance to Margate, with combined revenues in excess of £550m and over 2,100 employees.