Andrew Cooke and the Sherrards corporate team have recently acted for long standing client, Lords Builders Merchants on the acquisition of the majority share capital in Hevey Building Supplies from its retiring owner, Neil Hemmington. Established in 2001, Northampton based Hevey Building Supplies is a leading independent builders merchant and the first in Northamptonshire to achieve FSC certification giving it outstanding green credentials.
Both companies are members of the H&B group, and this is the third takeover of a fellow H&B member by the Lords Group. The deal follows the purchase of George Lines (Merchants) Limited in January 2016, in which Andrew Cooke and his team led the deal (click here for details). Following this latest acquisition, Hevey Building Supplies will remain a separate company within the Lords Group with Mark Mulvey continuing as Managing Director. There is a planned move of the main branch in Northampton to a new four-acre site opening late 2017/early 2018.
Shanker Patel, CEO of the Lords Group, commented: ‘The acquisition is again another fantastic opportunity for the Lords Group to continue with our expansion plans. Sherrards, and in particular Andrew Cooke, have been instrumental in helping us achieve this goal. The team were extremely professional and efficient during the transaction process and always offer commercially minded advice”.
The Lords Group will continue to have a significant presence in the building materials market in London and beyond.