Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Private equity firm 3i is understood to be considering selling its stake in the UK’s largest independent builders merchant, MKM Building Supplies.
According to Sky News, manifesto pledges by the UK’s main political parties to spur a housing revolution has fuelled plans by the firm to sell its 40% stake in the builders merchant.
Sources told Sky a number of advisers have been asked to pitch to handle a sale, which one source speculated could value it at around £200m.
The Hull-based merchant reported a 31% increase in sales for the 12 months to September 30, 2014, with chief executive David Kilburn describing the year as “exceptional”.
The company was founded in 1995 by Kilburn and Peter Murray, with 3i acquiring a stake three years later.
