Active M&A pipeline delivering strategic progress
The Breedon Group plc, (AIM: BREE) a foremost vertically-integrated construction materials group in Great Britain and Ireland, has announced the successful completion of three additional transactions with an overall enterprise value estimated to be around £19m.
In Northern Ireland, Breedon has expanded its presence with the acquisition of Robinson Quarry Masters Limited, a family-operated quarrying and concrete block enterprise in County Antrim. This acquisition strengthens Breedon’s aggregate reserves in Ireland and offers an established customer base with ties to housing, commercial, and infrastructure sectors.
Meanwhile, in Great Britain, Breedon has acquired two downstream businesses. Broome Bros. Limited, a prominent concrete block manufacturer situated in Doncaster and adjacent to one of Breedon’s existing ready-mixed concrete sites, and Minster Surfacing Limited, a reputable regional surfacing firm based in Lincoln recognized for its sustainable practices, and delivering a diverse array of projects from the Midlands to London.
Breedon’s CEO, Rob Wood, stated, “Many of our transactions are born out of local knowledge and direct engagement with owners. Consequently, our proactive M&A pipeline continues to produce high-quality, earnings-enhancing opportunities that will help us advance our sustainable growth strategy.
He added, “Each of these independently owned family businesses aligns with our vertically-integrated operating model, providing more opportunities to push through upstream building materials while expanding our downstream footprint for profitable growth. We’re excited to welcome our new colleagues to Breedon and anticipate a rewarding collaboration.”
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