Thu, 18 May 2023 | BUSINESS SALE
Construction materials firm Breedon Group has completed three bolt-on acquisitions with a combined enterprise value of up to £19 million. The acquisitions of three family-run businesses have seen the group further expand its presence in England and Northern Ireland.
The group, which has operations across Great Britain and Ireland, has acquired Robinson Quarry Masters, Broome Bros. Ltd and Minster Surfacing Ltd. The deals are part of Breedon’s “active M&A pipeline”, which forms a core part of the group’s sustainable growth strategy.
Robinson Quarry Masters is a quarrying and concrete block business based in County Antrim. The acquisition of Robinson sees Breedon group extend its footprint in Northern Ireland north of Belfast, whilst simultaneously enhancing its aggregate reserves on the island of Ireland. Robinson operates in the housing, commercial and infrastructure end-markets and is described as having a well-established customer base.
Broome Bros Ltd is a concrete block manufacturer based in Doncaster, headquartered adjacent to one of Breedon Group’s existing ready-mixed concrete facilities. Minster Surfacing Ltd, meanwhile, is a Lincoln-based surfacing business. The firm, which is described as having strong sustainability credentials, has a diverse portfolio of work spanning across London and the Midlands.
Discussing the group’s M&A activity, Breedon Group Chief Executive Rob Wood said that many of the firm’s acquisitions “come to us through our local knowledge and personal engagement with the owners.”
According to Wood, this means that the group’s M&A pipeline “has continued to yield high quality, earnings enhancing opportunities that will enable us to progress our sustainable growth strategy.”
Regarding Breedon's latest bolt-on acquisitions, Wood said that each of the businesses was aligned with the group's “vertically-integrated operating model” and would deliver opportunities to both source upstream building materials and extend its downstream footprint in order to generate future profitable growth.
Find out about putting sustainability at the core of your M&A strategy in this exclusive insight
Read about how headwinds in the construction industry could create M&A opportunities.
Opportunity to acquire a reputable freehold building and property maintenance contractor based in the picturesque region of Devon.
A well-established business specialising in synthetic sports and playground surfaces, located in Nottinghamshire, is now available for acquisition.
This well-established business is a leading name in the region, renowned for its quality products and outstanding service, catering to both trade and retail markets.
08
|
May
|
West Midlands IT firm acquired by US group | BUSINESS SALE
CSI Limited, a West Midlands-based provider of mission criti...
08
|
May
|
Drainage and civil engineering firm acquired by environmental services group | BUSINESS SALE
Glanville Environmental, a South West-headquartered drainage...
07
|
May
|
PE-backed accountancy completes 12th acquisition in three years | DIVISION SALE
Private equity-backed accountancy and professional services ...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.