Grant & Stone acquires 3Counties Timber & Building Supplies1 October 2020
High Wycombe-based builders’ merchant group Grant & Stone Limited has announced its acquisition of 3Counties Timber & Building Supplies Limited (3Counties), marking a key step in its strategy to expand through a combination of acquisitions, new site development and organic growth.
The move marks further growth for investment company Cairngorm Capital Partners, which acquired Grant & Stone in 2019.
Established in 2007, 3Counties Timber & Building Supplies provides a broad range of heavy and lightside building materials to individuals, contractors and commercial entities across Hertfordshire, Bedfordshire and Buckinghamshire. It also offers bespoke timber services from its branches in Aylesbury and Hemel Hempstead.
Strategically, the acquisition extends Grant & Stone’s geographic network beyond the Thames Valley to the benefit of both companies’ customers.
Grant & Stone said the move would ensures the right custodian for the 3Counties business to support future succession – one with shared values, who will maintain and respect heir legacy. Richard Dawson will join Grant & Stone, working with Mat Miller, Managing Director of Grant & Stone’s Builders & Timber Merchants division, to support 3Counties’ successful integration.
“Our company is at a really exciting point in its development – together, we are able extend our presence and are well positioned to capitalise on the numerous growth opportunities available to us,” said Nick House, Grant & Stone’s chief executive.
“The Directors are proud of all that we have achieved to date but we recognise that the company has the potential to achieve much more,” added Richard Dawson, managing director of 3Counties.
“This is the natural point for us to pass the company to new, trusted custodians who can deliver on its future potential. We are confident that 3Counties is in good hands with Grant & Stone and will go from strength to strength.”