Grant & Stone Group, the largest independent builders\u2019 merchant in Southern England, is pleased to announce that it has acquired Devondale Electrical Distributors (Devondale), expanding its network of specialist electrical wholesalers and complementing the recent acquisitions of builders\u2019 and plumbers\u2019 merchants in the South West of England.<\/p>\n
Established in 1981, Devondale is the largest independent electrical wholesaler in the South West. Operating from nine branches across Somerset and Devon, it provides an extensive range of electrical and ancillary products to electricians, electrical contractors and facilities managers. Known for its technical expertise and outstanding service, Devondale is headquartered in Marsh Barton, Exeter and achieved revenues of \u00a310m in 2020.<\/p>\n
Grant & Stone\u2019s stated strategy has been to develop its builders\u2019 merchant business through a combination of acquisitions, new site development and organic growth. Devondale\u2019s highly complementary branch network and product range supports this, providing geographic expansion, product extension and a strong platform for further growth. Culturally, both companies are highly aligned, sharing a common vision, independent ethos and commitment to providing the highest standards of customer service.<\/p>\n
For Devondale, this partnership secures the right custodian for the business to support future succession \u2013 one with shared values, who will maintain and respect its legacy. Paul Wood, Devondale\u2019s owner and Managing Director will continue to lead the business, working with Darren House, Managing Director of Grant & Stone\u2019s electrical division, to realise the growth opportunities that this partnership will deliver.<\/p>\n
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 continues the Group\u2019s trajectory for further growth and future partnerships.<\/p>\n
<\/p>\n
Darren House, Managing Director of Grant & Stone\u2019s electrical division said, \u201cWe are delighted to welcome Devondale to the Group. We have much in common so this is a strong and logical partnership. Our company is at a really exciting point in its development and this partnership ensures that we are well positioned to progress the numerous growth opportunities available to us.\u201d<\/p>\n
Paul Wood, Managing Director of Devondale said, \u201cI and the team are proud of all that we have built to date but we recognise that our company will be able to achieve much more as part of a larger group. Partnering with Grant & Stone will facilitate this growth and we look forward to continuing this success story together.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Grant & Stone Group, the largest independent builders\u2019 merchant in Southern England, is pleased to announce that it has acquired Devondale Electrical Distributors (Devondale), expanding its network of specialist electrical wholesalers and complementing the recent acquisitions of builders\u2019 and plumbers\u2019 merchants in the South West of England. Established in 1981, Devondale is the largest independent […]<\/p>\n","protected":false},"author":2,"featured_media":16529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-16528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","et-has-post-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"https:\/\/ewnews.co.uk\/wp-content\/uploads\/Grant-Stone-counter.jpg","_links":{"self":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/16528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=16528"}],"version-history":[{"count":1,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/16528\/revisions"}],"predecessor-version":[{"id":16530,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/16528\/revisions\/16530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/media\/16529"}],"wp:attachment":[{"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=16528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=16528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ewnews.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=16528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}