Cairngorm Capital Partners has taken over Fairalls (Builders鈥� Merchants) Limited, which has four stores in Surrey and Kent 鈥� Gatwick, Sevenoaks and two in Godstone.
Fairalls now joins Cairngorm Capital鈥檚 other builders鈥� merchant brands, Parkers Building Supplies and Stamco, creating the largest independent builders鈥� merchant group in the southeast. The newly enlarged group now has 24 branches serving Surrey, Sussex and Kent, more than 500 employees and combined revenues of 拢120m.
Cairngorm Capital also took over Sentry Doors in February this year and last year set up The National Timber Group by bringing together Thornbridge and North Yorkshire Timber. It later added Rembrand and then Arnold Laver, taking combined revenues for The National Timber Group to nearly 拢250m
The latest builders鈥� merchant acquisition, Fairalls, is a family firm dating back to 1900. Its Taylors Hill Branch in Godstone is one of the largest heavyside yards in the southeast. In 2018 the business, currently managed by Bob Fairall and his son Richard, achieved revenues of approximately 拢15m with 85 employees. Bob Fairall will remain with the business on an interim basis before entering retirement. Richard Fairall will also remain with the business, which will continue to trade under the Fairalls brand.
Bob Fairall said: 鈥淗aving made the decision to retire, it seemed natural timing to find a partner who would ensure Fairalls fulfils its potential and I believe our partnership with Cairngorm Capital and the other group companies will achieve this. We have much in common with Parkers and Stamco in terms of heritage, outstanding product quality and a commitment to the highest standards of customer service, which makes this a very good fit. I am looking forward to facilitating a successful handover of the business to our new partners, who will be working closely with my son, Richard, to pursue new opportunities for innovation and growth, which will benefit our customers and employees, while retaining the company鈥檚 core values.鈥�
Cairngorm Capital managing director Alex Bayliss added: 鈥淲e have been working to build a customer-focused business, with great products, outstanding customer service and a strong, expanding branch network. Like Parkers and Stamco, Fairalls is an excellent company with a strong brand in the independent builders鈥� merchants market and an outstanding reputation with its customers. Geographically this partnership is highly complementary, extending our presence across the southeast of England to make our group, the largest independent builders鈥� merchant in the region.鈥�
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