London and Edinburgh, 10 November 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce that its specialist paints distribution company, PaintWell Limited has acquired Kent Blaxill Group Limited (Kent Blaxill). The new enlarged group will have 46 branches stretching from Cumbria to Kent, with 250 employees and combined revenues of £55m. Established in 1838, Kent Blaxill is an independent family-owned decorating, glass and building products distribution company. Headquartered in Colchester, Essex, it has 23 decorating and builders’ merchants across the East of England and the South East, serving a diverse range of trade and retail customers. The acquisition [...]

Atlanta, London and Edinburgh, November 1, 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce its portfolio company, SageHome, has acquired Midwest Bath Company LLC (Midwest Bath), accelerating its goal to provide a national, aging-in-place solution to the United States market. Founded in 2019, Midwest Bath is a highly successful, bathroom remodeling company that specializes in bathroom safety upgrades for seniors, and those with access difficulties. Serving customers across Illinois and Iowa, it has developed an expertise in providing rapid ‘one-day’ installations of walk-in baths and low threshold showers, which minimize disruption to homeowners. Headquartered in Moline, [...]

London and Edinburgh, 13 October 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce that its specialist paints distribution company, PaintWell Limited has acquired Promain UK Limited (Promain). Following its strategic partnership with Cairngorm Capital Partners in March 2021, PaintWell’s initial focus was on expanding its network of branches geographically and developing its e-commerce platform, resulting in eight new branches across the North West, Midlands and Yorkshire. The acquisition of Promain broadens PaintWell’s growth strategy further and extends the platform for PaintWell’s new industrial paints division. Promain is the UK’s largest distributor of industrial paints and surface [...]

London and Edinburgh, 20 September 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce that its portfolio company, National Timber Group (NTG), has acquired SV Timber Limited (SV Timber). Established in 2004, SV Timber is a specialist, independent timber merchant supplying an extensive range of timber materials to a broad range of trade and commercial customers, including joiners and manufacturers, from three branches across the Midlands. SV Timber has a strong reputation for outstanding service and quality, recently supplying the timber for the Commonwealth Games in Birmingham. SV Timber employs 50 people and, in 2021, achieved revenues of [...]

London and Edinburgh, 1 September 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is delighted to announce the appointment of Matt Anstead, Maria Mikhailova and Mark Robson to the firm’s investment team. All three will be based in the firm’s Edinburgh office. Cairngorm Capital has over £400m of committed equity capital. These appointments enhance the firm’s capacity to continue its disciplined investment selection, value creation and transformation strategies, which have delivered strong returns since the firm’s inception in 2014. Matt Anstead joins as Managing Director following 8 years with EV Private Equity and will focus on investments that support the energy [...]

London and Edinburgh, 18 August 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce that its portfolio company, Verso Wealth Management (Verso), has acquired Campbell Thomson Insurance Services Limited (Campbell Thomson). This acquisition advances Verso’s strategy to build a market leading, national wealth management group and takes its assets under management to over £1 billion. Founded in 1978, Campbell Thomson is a second generation firm providing specialist financial advice and planning for businesses and individuals across the UK. With a reputation for outstanding service, the firm has a team of 13 advisors, planners, researchers and support staff [...]

London and Edinburgh, 9 August 2022 Cairngorm Capital Partners LLP (Cairngorm Capital) is pleased to announce that its portfolio company, Sentry Doors Holdings Limited (Sentry) has bought E. & S. W. Knowles & Company Limited (Knowles). This acquisition accelerates Sentry’s growth and confirms its positions as the UK’s leader in the timber fire safety and security doorset market. Established in 1923, E. & S. W. Knowles manufactures specialist timber internal doorsets with fire rated, acoustic and PAS 24 security certification. Operating nationally from a 50,000 square foot facility in Birmingham, Knowles offers bespoke, sector specific solutions that meet the exacting [...]

London and Edinburgh, 06 June 2022 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Wantage Builders Merchants Limited (Wantage), expanding its network of builders merchants into Wantage. Wantage is a single branch, independent builders merchant located in Wantage, Oxfordshire. It offers a mix of heavy and lightside building materials to local trade and retail customers and has 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. It extends IBMG’s builders merchant offering in [...]

London and Edinburgh, 31 May 2022 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Independent Roofing Supplies (IRS). Established in 2000, IRS is an independent roofing merchant in the South East, serving roofing contractors across London, Sussex and Kent. It provides a comprehensive range of products for pitched and flat roofs, from its three locations in Bexhill, Newhaven and Hove. IRS’ highly complementary branch network and product range provides IBMG with geographic expansion, product extension and a strong platform for further growth. Culturally, both companies share a common vision, [...]

London and Edinburgh, 4 May 2022 Cairngorm Capital Partners is pleased to announce that its portfolio company, Independent Builders Merchant Group (IBMG) has acquired Merkko Builders Merchants Ltd (Merkko), extending its network of branches in Oxfordshire and Berkshire. Merkko is a highly successful independent heavyside builders’ merchant supplying trade and retail customers across Oxfordshire and Berkshire. Headquartered in Abingdon, it has two branches in Kingston Bagpuize, Abingdon and Aldermaston, both stocking a comprehensive range of construction materials for building and civil engineering projects. Merkko has demonstrated strong organic growth since its formation. This acquisition continues IBMG’s strategy of developing its [...]