London and Edinburgh, 14 March 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce that its portfolio company, Verso Wealth Management (Verso), has acquired CDC Wealth Management Limited (CDC). This acquisition continues Verso’s strategy to build a market leading, national wealth management group. Founded in 2006, CDC is a wealth management company serving private individuals, families, trusts and companies across the UK. With an office in Sunderland, CDC combines financial advice and planning, with discretionary investment management, to provide a comprehensive wealth management service. With a team of 10 advisors, investment professionals and support staff, CDC provides [...]

London and Edinburgh, 1 March 2022 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Cornish Fixings (Redruth) Limited (Cornish Fixings). Cornish Fixings is a single branch builders’ merchant based in Redruth, supplying a broad range of building materials to trade and retail customers across Cornwall. It is a trusted local brand, with a reputation for outstanding customer service. This acquisition continues IBMG’s strategy of developing its divisions through a combination of acquisition, new site development and organic growth. Strategically it strengthens its south west division, extending RGB’s presence in [...]

London and Edinburgh, 27 January 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce that its portfolio company, Verso Wealth Management (Verso), has acquired Pavis Financial Management Limited (Pavis). This acquisition advances Verso’s ambitions to build a market leading, national digital wealth management group. Established in 1992, Pavis is a chartered financial planning firm based in Liverpool, serving private clients across the UK. Pavis offers a range of advisory and investment services, including holistic financial planning, investment management, pensions advice, retirement planning and estate planning. One of an elite group of financial planners nationally to have both [...]

London and Edinburgh, 17 January 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is delighted to announce the appointment of Adam Watson, Sheena Pattni and George Buckle to the firm’s investment team. Following the successful close of its third fund, Cairngorm Capital III last year, Cairngorm Capital has over £400m of committed equity capital to deploy. These appointments strengthen the firm’s capacity to continue its disciplined investment selection and thoughtful buy-and-build strategies, which have delivered very strong returns since the firm’s inception in 2014. Adam Watson joins as Investment Manager from HSBC’s advisory team in London and Sydney, where he [...]

London and Edinburgh, 6 January 2022 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Dougfield Plumbers Supplies Limited (Dougfield), expanding its network of specialist plumbing and heating merchants into Wales and across the South West. Established in 1993, Dougfield Plumbers Supplies is a highly successful independent plumbers merchant supplying trade and retail customers across South Wales and the South West of England. Headquartered in Stroud, Gloucestershire, Dougfield has 10 branches in Swansea, Glamorgan, Gloucestershire, Devon and Cornwall, all stocking an extensive range of plumbing, heating and bathroom products. Dougfield [...]

London and Edinburgh, 16 November 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, National Timber Group (NTG), a leading, independent, added-value timber processing and distribution group, has acquired Orchard Timber Products Limited (Orchard Timber). Established in 2004, Orchard Timber is a specialist distributor of timber, sheet materials, kitchens, doors, solid wood flooring, and decking, supplying a range of local housebuilders, contractors, and RMI-focused joiners. Orchard Timber is the national distribution partner for Kährs Flooring and Kährs’ largest stockist in the UK, carrying over 20,000m2 of solid wood flooring at any given time. Headquartered in Forfar, Scotland, [...]

London and Edinburgh, 27 October 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG), has acquired Perrys Builders Merchants Limited (Perrys). Established in 2000, Perrys is a one branch builders’ merchant supplying broad range of building materials to trade and retail customers in and around Plymouth. It is a trusted local brand, with a reputation for outstanding customer service. This acquisition continues IBMG’s strategy of developing its divisions through a combination of acquisition, new site development and organic growth. Strategically it fulfils a long standing objective for its south west division, [...]

London and Edinburgh, 22 October 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Sussex Plumbing Supplies Limited (SPS). Established in 2000, Sussex Plumbing Supplies is a highly successful independent plumbers’ and heating merchant supplying trade and retail customers across Sussex and Kent. Headquartered in Polegate, East Sussex, with seven trade counters and four bathroom, heating and kitchen showrooms, SPS has demonstrated strong organic growth since its formation. Following its recent merger with Grant & Stone, this acquisition continues IBMG’s strategy of developing its divisions through a combination of [...]

London and Edinburgh, 18 October 2021 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired DW Burns & Partner Ltd (Burns), expanding its network of specialist plumbing and heating merchants. Established in 1963, DW Burns is a highly successful family run plumbers’ merchant and bathroom showroom, supplying both trade and retail customers across Surrey. A trusted local brand with a reputation for outstanding customer service, Burns has trade counters in Woking and Farnham, plus an extensive showroom in Woking. Following its recent merger with Grant & Stone, this acquisition continues IBMG’s [...]

London and Edinburgh, 20 September 2021 Cairngorm Capital Partners is pleased to announce that it has merged two of its portfolio companies, Grant & Stone Group and Independent Builders Merchant Group (IBMG), creating a builders’ merchant group with 123 branches, revenues in excess of £500 million and over 1,700 employees. The new Group extends from Cornwall to Kent and comprises builders’ merchants, electrical wholesalers, plumbers’ merchants, kitchen and bathroom showrooms, roofing merchants, a timber processing site and a dedicated ecommerce business. Both Grant & Stone and IBMG have prospered from Cairngorm Capital’s expertise in supporting their transformational growth. Cairngorm [...]