The Independent Builders Merchant Group (IBMG) has revealed its acquisition of Dougfield Plumbers Supplies Limited, for an undisclosed amount.
Established in Stroud in 1993, Dougfield Plumbers Supplies is an independent plumbers dealer serving commercial and retail customers across South Wales and South West England.
Dougfield has branches in Stroud, Gloucester, Cheltenham, Exeter, Saltash, St Austell, Penryn, Bridgend, Barry, Treforest and Swansea, all offering a wide range of plumbing, heating and bathroom products.
Following its recent merger with Grant & Stone, the acquisition would follow IBMG’s strategy of growing its divisions through a combination of acquisition, new site development and organic growth.
It is hoped that this move will expand IBMG’s specialist plumbing and heating offering in Wales, providing a solid platform for future growth.
Tim Stickland, Dougfield’s Commercial and Financial Director, will continue to lead the company, with the support of Steve Evans. He will work with Matt Bland, general manager of IBMG’s plumbing and heating division, to realize the growth opportunities the new partnership will offer.
Matt Bland, General Manager, Plumbing and Heating Division, IBMG said: “We are delighted to welcome Dougfield to the group. We have a lot in common, so this is a strong and logical partnership.
“Our continued goal is to be the independent trader of choice, as the best supplier for our customers’ heating and plumbing needs. Geographically our partnership is very complementary and we are delighted to be able to offer our specialist plumbing and heating supply in Wales. for the first time.”
Tim Stickland, Commercial and Financial Director of Dougfield Plumbers Supplies said, “I have no doubts that this acquisition will provide a great home for our customers and employees who will thrive as a highly respected independent plumbing and heating dealer focused on excellent customer service. “
IBMG was advised in this transaction by Grant Thornton (finance and tax), Gowling (legal) and Simon Funnell (real estate). Dougfield was advised by Azets (corporate finance) and Harrison Clark Rickerbys Solicitors (legal).