Grant & Stone Group, the builders’ merchant group in the Thames Valley and the South West, is pleased to announce its acquisition of independent plumbers’ and heating merchant Total Plumbing Supplies Limited (TPS).
With its headquarters in Honiton, TPA was established in 2001, and supplies trade and retail customers across Dorset, Wiltshire, Somerset and Devon from five branches, including dedicated kitchen and bathroom showrooms.
Strategically, the partnership is highly complementary, consolidating Grant & Stone’s presence in the South West – it recently acquired CRS in Somerset– and extending the Group’s plumbing and heating offering in the region.
Founders, Clive Handford and Ian Moses will continue to lead the TPS business, working with Matt Bland, managing director of Grant & Stone’s plumbing and heating division, to support its successful integration into the Grant & Stone Group.
Moses said, “Clive and I are proud of all that we have achieved to date but we recognise that as part of a larger group, the company will be able to achieve much more. Partnering with Grant & Stone will facilitate this and we look forward to continuing this success story together.”
Bland, said: “We are delighted to welcome TPS to the Grant & Stone Group. We have much in common, making this a compelling partnership. Our company is at a really exciting point in its development and this partnership ensures that we are well positioned to progress the numerous growth opportunities available to us.”
With the support of its strategic investment partner, Cairngorm Capital Partners, this acquisition advances the Grant & Stone Group’s ambition for further growth and future partnerships.