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New Deal


Announced

Cairngorm Capital-backed Parker Building Supplies acquired Stamco.

Financials

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United Kingdom

Private

Building Materials: Other

Private Equity

diversified building materials

Acquisition

Synopsis

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Cairngorm Capital-backed Parker Building Supplies, an independent builders’ merchant based in the South East of England, acquired Sussex Turnery and Moulding Company, a builders’ merchant and wholesale timber processing and distribution business. Financial terms were not disclosed. Chris Maityard, Parkers’ Managing Director said, “This marks a key stage in Parkers’ development and takes us one step closer to becoming the market-leading independent builders’ merchant in the South East of England. Stamco is a perfect example of the type of business with which we are keen to partner. It has a compelling product offering, delivered by a skilled and committed workforce, who provide outstanding customer service.”

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