14 February 2020
RSM’s Mergers and Acquisitions (M&A) and Private Equity (PE) team successfully advised East Sussex-based Chandlers Building Supplies Holdings Limited on the company's merger with Parker Building Supplies Limited.
Chandlers Building Supplies is a leading provider of high-quality building materials and supplies for trade and retail customers in the UK. The company merged with Parker Building Supplies, an independent builder's merchant with branches throughout East Sussex, West Sussex and Kent.
RSM’s corporate finance advice on the merger included assistance with a group and LLP partnership reorganisation, a property demerger, and liaising with a broad shareholder group. This consisted of three families, two trusts and a number of subsidiary shareholders.
The merger, which has been completed with the support of Parker’s strategic partner, Cairngorm Capital, will result in an enlarged company with 38 branches operating from the Midlands to the Southeast, with combined revenues of £180m and over 750 employees.
Transaction team: Kirsty Sandwell and David Rowlinson.
‘My objectives were to complete a successful deal and build a strong relationship with our new partners at Parkers. RSM was instrumental in achieving this for the shareholders, delivering a fantastic deal for all involved. The team managed the process exceptionally well, navigating us through all issues that arose and were integral to the success of the transaction. They became part of the Chandlers team and were sensitive to the changing emotions we felt as shareholders throughout the deal. I wouldn’t hesitate to work with them again.’
Andrew Cope, Managing Director
Chandlers Building Supplies