Cairngorm's Stamco and Parker bolt on Fairalls

The transaction is the third instalment in a buy-and-build strategy that has already seen the GP bring together Stamco and Parker Building Supplies. Cairngorm is invested in the group via its £107.5m vehicle Cairngorm Capital II.

The consolidated business will have 24 branches in the south-east of England, 500 employees and revenues of £120m.

The GP said the acquisition is the 20th proprietary transaction it has sourced since July 2016. The sale was initiated by Fairalls' owner, Bob Fairall, deciding to retire, and his son Richard will lead the company under its new trade and private equity owners.

Company
Founded in 1900 and headquartered in Godstone, Surrey, Fairalls sells building materials to trade and consumer buyers. It operates from four locations, two of which are in Godstone, with the other two in Gatwick and Sevenoaks. The company generated a turnover of £15m in 2018 and has a headcount of 85.

People
Cairngorm Capital – Alex Bayliss (managing director).
Fairalls – Bob Fairall (managing director).

Advisers
Equity – PwC (financial due diligence, tax); Gowling WLG (legal); CIL (commercial due diligence); JLT (insurance due diligence); Vail Williams (property due diligence); MDW Capital (debt advisory).
Company – Rix & Kay (legal); Plummer Parsons (financial due diligence, tax); EMC (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Industrials
• United Kingdom
• Cairngorm Capital
• Build-up
• PwC