Tuesday, July 27, 2021
Home Electrical Repair Grant & Stone acquires Devondale Electrical Distributors, increasing its electrical division

Grant & Stone acquires Devondale Electrical Distributors, increasing its electrical division

Grant & Stone Group, the biggest unbiased builders’ service provider in Southern England, is happy to announce that it has acquired Devondale Electrical Distributors (Devondale), increasing its community of specialist electrical wholesalers and complementing the current acquisitions of builders’ and plumbers’ retailers within the South West of England.

 

Established in 1981, Devondale is the biggest unbiased electrical wholesaler within the South West. Working from 9 branches throughout Somerset and Devon, it supplies an in depth vary {of electrical} and ancillary merchandise to electricians, electrical contractors and amenities managers. Identified for its technical experience and excellent service, Devondale is headquartered in Marsh Barton, Exeter and achieved revenues of £10m in 2020.

 

Grant & Stone’s said technique has been to develop its builders’ service provider enterprise by means of a mix of acquisitions, new website improvement and natural development. Devondale’s extremely complementary department community and product vary helps this, offering geographic enlargement, product extension and a robust platform for additional development. Culturally, each corporations are extremely aligned, sharing a typical imaginative and prescient, unbiased ethos and dedication to offering the best requirements of customer support.

 

For Devondale, this partnership secures the precise custodian for the enterprise to help future succession – one with shared values, who will keep and respect its legacy. Paul Wooden, Devondale’s proprietor and Managing Director will proceed to guide the enterprise, working with Darren Home, Managing Director of Grant & Stone’s electrical division, to understand the expansion alternatives that this partnership will ship.

 

Regardless of the challenges instigated by Covid-19, Grant & Stone has remained resilient with a transparent focus of what it needs to attain for the long run. With the help of its strategic funding companion, Cairngorm Capital Companions, this acquisition continues the Group’s trajectory for additional development and future partnerships.

 

Darren Home, Managing Director of Grant & Stone’s electrical division stated, “We’re delighted to welcome Devondale to the Group. We’ve a lot in widespread so it is a robust and logical partnership. Our firm is at a extremely thrilling level in its improvement and this partnership ensures that we’re nicely positioned to progress the quite a few development alternatives out there to us.”

 

Paul Wooden, Managing Director of Devondale stated, “I and the staff are pleased with all that we’ve constructed to this point however we recognise that our firm will be capable to obtain far more as half of a bigger group. Partnering with Grant & Stone will facilitate this development and we sit up for persevering with this success story collectively.”

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