Grant & Stone Limited, the independent builders’ merchant based in the Thames Valley, has acquired 3Counties Timber & Building Supplies Limited.
Established in 2007, 3Counties Timber & Building Supplies has branches in Aylesbury and Hemel Hempstead, offering a broad range of heavy and lightside building materials to individuals, contractors and commercial entities across Hertfordshire, Bedfordshire and Buckinghamshire.
The acquisition extends Grant & Stone’s geographic network beyond the Thames Valley. 3Counties’ managing director Richard Dawson will join Grant & Stone, working with Mat Miller, managing director of Grant & Stone’s Builders & Timber Merchants division, to support the successful integration. Last year, Grant & Stone was acquired by private equity firm Cairngorm Capital Partners.
Nick House, Grant & Stone’s Chief Executive said, “We are delighted to welcome 3Counties to the Group. Our shared values, vision and commitment to customers makes for an obvious partnership. 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.”
Dawson, said, “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. 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.”