LONDON, UK: Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain and Ireland, announced the completion of three recent bolt-on transactions with a combined enterprise value of up to c.£19 million.
In Northern Ireland, the acquisition of Robinson Quarry Masters Limited, a family-run quarrying and concrete block business in County Antrim, has further extended Breedon’s footprint north of Belfast. Robinson Quarry Masters enhances Breedon’s aggregate reserves on the Island of Ireland and has a well-established customer base with exposure to housing, commercial and infrastructure end-markets.
In Great Britain, Breedon has acquired two downstream businesses.
Broome Bros. Limited is a leading manufacturer of concrete blocks based in Doncaster, adjacent to one of Breedon’s existing ready-mixed concrete sites.
Minster Surfacing Limited is an award-winning regional surfacing business based in Lincoln with strong sustainability credentials delivering 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 M&A 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.”
The acquisitions are expected to be earnings enhancing in the current financial year.