Headquartered in Stroud, Gloucestershire, Dougfield Plumbers Supplies generated 拢9m revenue last year from 10 branches across south Wales and southwest England.
Cairngorm Capital has been growing its IBMG business through acquisitions, including Parker Building Supplies in 2018 and Chandlers Building Supplies in 2019. Backed by Cairngorm, the original Parker business has grown from 15 branches and revenues of 拢67m, to 39 branches and revenues of more than 拢200m.
Separately, Cairngorm bought High Wycombe-based Grant & Stone in November 2019, which was then used to acquire 3Counties in Buckinghamshire, CRS Building Supplies, Rawle Gammon & Baker (RGB), Buildit and Total Plumbing Supplies. In less than two years Grant & Stone grew from 29 branches and revenues of 拢100m to 84 branches and 拢300m revenues.
In 2020 Cairngorm merged Grant & Stone into IBMG to make them a single company
Matt Bland, managing director of IBMG鈥檚 plumbing and heating division said, 鈥淲e are delighted to welcome Dougfield Plumbers Supplies to the group. We have much in common, so this is a strong and logical partnership. Our continued goal is to be the independent merchant of choice as the best provider for our customers鈥� heating and plumbing needs. Geographically our partnership is highly complementary, and we are delighted to be able to offer our specialist plumbing and heating provision in Wales for the first time.鈥�
Dougfield Plumbers Supplies was founded in 1993 by Doug Field. It has branches in Stroud, Gloucester, Cheltenham, Exeter, Saltash, St Austell, Penryn, Bridgend, Barry, Treforest and Swansea.
Tim Stickland, commercial and finance director of Dougfield Plumbers Supplies, said: 鈥淚 am confident that this acquisition will provide an excellent home for both our customers and our people who will thrive within a highly respected, independent plumbing and heating merchant focused on excellent customer service.鈥�
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