Breedon complete trio of bolt-on acquisitions
Three transactions completed in GB and Ireland; active M&A pipeline delivering strategic progress
BREEDON Group plc have announced the completion of three recent bolt-on transactions with a combined enterprise value of up to £19 million.
In Northern Ireland, the acquisition of Robinson Quarry Masters Ltd, a family-run quarrying and concrete block business in Co. Antrim, has further extended Breedon’s footprint north of Belfast. Robinson Quarry Masters, who have a well-established customer base with exposure to housing, commercial and infrastructure end-markets, will enhance the company’s aggregate reserves on the Island of Ireland.
Meanwhile, in Great Britain, Breedon have acquired two downstream businesses – Broome Bros Ltd and Minster Surfacing Ltd. Broome Bros is a leading manufacturer of concrete blocks based in Doncaster, adjacent to one of Breedon’s existing ready-mixed concrete sites, whilst Lincoln-based Minster Surfacing is an award-winning regional surfacing business which has strong sustainability credentials and delivers a diverse portfolio of works from the Midlands to London.
Rob Wood, Chief Executive Officer, remarked: ‘Many of our transactions come to us through our local knowledge and personal engagement with the owners. As a result, our active mergers and acquisitions pipeline has continued to yield high-quality, earnings-enhancing opportunities that will enable us to progress our sustainable growth strategy.
‘Each of these independent family run businesses is aligned with our vertically integrated operating model, providing further opportunity to pull through upstream building materials while extending our downstream footprint to deliver profitable growth. We are delighted to welcome our new colleagues to Breedon and look forward to working with them.’
