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Thrings completes acquisition of Ashmead Building Supplies

Thrings’ Corporate Team completed the sale of builders’ merchants Ashmead Building Supplies Limited to fellow building materials supplier, Bradfords Building Supplies, for an undisclosed sum.

Corporate buildings

Background

Founded in 1979 with sites in Bristol and Devon, Ashmead Building Supplies is a family-run company that specialises in supplying heavy building materials, including drainage, timber, aggregates and landscaping products.

Bradfords Building Supplies, which has 43 branches in the South West and West Midlands, is one of the largest independent builders’ merchants in the UK. Part of The Bradfords Group, it has specialised in the supply of building materials and products for more than 240 years.

Our involvement

Alex and Sarah advised Tony Swain, Managing Director of Ashmead Building Supplies, and his team on all strategic and legal matters of the sale. This included managing the due diligence process, liaising with multiple shareholders and limiting the sellers’ liability under carefully negotiated warranties.

The outcome

Under the terms of the transaction, all 14 members of the team at Ashmead Building Supplies joined Bradfords Building Supplies. Meanwhile

Tony Swain said: “I am very pleased that Ashmead has become part of the Bradfords family. With the resources of a large independent, reputable and well-founded company, I know that it will thrive in the years to come.”

Alex Pyatt added: “Owing to Bradfords’ solid financial foundation and extensive distribution network, this transaction will help secure the long-term future of Ashmead Building Supplies and its staff while ensuring its customers benefit from an even wider range of high-quality building materials and services.”

For further commentary on this case, or to discuss any corporate-related issue, please contact a member of Thrings’ Corporate team.

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