Grant Thornton advises Sussex Plumbing Supplies Limited Sussex Plumbing Supplies Limited has been sold to Independent Builders Merchant Group Limited

October 2021
Sussex Plumbing Supplies
Independent Builders Merchant Group Limited
Adviser to Sussex Plumbing Supplies on their sale to IBMG
£undisclosed
Grant Thornton team
Industrials
Sell side
Corporate finance
UK

We are delighted to have advised Sussex Plumbing Supplies Limited on their sale to Independent Builders Merchant Group Limited.

Sussex Plumbing Supplies (‘SPS’) 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. 

Independent Builders Merchant Group (‘IBMG’), are the largest independent builders merchant group in the South of England, supported by Cairngorm Capital. 

We advised the shareholders of SPS on the initiation, preparation and execution of the transaction.  

Our involvement covered all aspects of the M&A process, including the identification of prospective key strategic buyers, deal negotiations, management of the due diligence process and support during the legal drafting and completion processes. 

The shareholders of SPS entered negotiations with IBMG in July 2021 and completed in October 2021.  

Through driving a process with a high degree of competitive tension and detailed management, we were able to ensure that the shareholders’ objectives could be met in delivering a high-quality transaction with a strategic buyer in IBMG. 

Testimonial

Mike, Tom & Oliver did an excellent job for the shareholders. They were always there for us throughout the entire journey and delivered a fantastic outcome. We are delighted with the final result and to have worked with a highly motivated and experienced team that were able to drive the transaction to a successful conclusion.

Glenn Vinall Founder and CEO, Sussex Plumbing Supplies

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