Grant & Stone, the independent builders’ merchant based in Thames Valley, has announced the acquisition of 3Counties Timber & Building Supplies (3Counties) for an undisclosed sum. This marks a key step in the company’s strategy to expand through a combination of acquisitions, new site development and organic growth.
Established in 2007, 3Counties Timber & Building Supplies provides a broad range of heavy and lightside building materials to individuals, contractors and commercial entities across Hertfordshire, Bedfordshire, and Buckinghamshire.
A trusted local brand with a reputation for outstanding customer service, 3Counties also offers bespoke timber services from its branches in Aylesbury and Hemel Hempstead.
With a shared vision, values, and commitment to the highest standards of customer service, this transaction is highly complementary. Strategically, it extends Grant & Stone’s geographic network beyond the Thames Valley area to the benefit of both companies’ customers.
For 3Counties’ owners, it ensures the right custodian for their business to support future succession – one with shared values, who will maintain and respect their legacy.
Richard Dawson will join Grant & Stone, working with Mat Miller, managing director of Grant & Stone’s builders’ and timber merchants’ division, to support 3Counties’ successful integration.
Despite the challenges instigated by COVID-19, Grant & Stone has remained resilient with a clear focus of what it wants to achieve for the future. With the support of its strategic investment partner, Cairngorm Capital Partners, this acquisition provides the platform for further growth and future partnerships, which the company is keen to explore.
Nick House, Grant & Stone’s chief executive officer, said: “We are delighted to welcome 3Counties to the group. Our shared values, vision and commitment to customers makes for an obvious partnership. Our company is at a really exciting point in its development – together, we are able extend our presence and are well positioned to capitalise on the numerous growth opportunities available to us.”
Richard Dawson, managing director of 3Counties, added: “The directors are proud of all that we have achieved to date, but we recognise that the company has the potential to achieve much more. This is the natural point for us to pass the company to new, trusted custodians who can deliver on its future potential.
“We are confident that 3Counties is in good hands with Grant & Stone and will go from strength to strength.”
