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19/05/2023

Breedon Completes Bolt-On Transactions Worth Around £19m

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Construction materials group Breedon has completed three bolt-on transactions with a combined enterprise value around £19 million.

In Northern Ireland the acquisition of Robinson Quarry Masters Limited has further extended its footprint in the North of Belfast. Robinson

Quarry Masters enhances its 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 the firm has acquired two downstream businesses. Broome Bros. Limited is a leading manufacturer of concrete blocks based in Doncaster, adjacent to one of our existing ready-mixed concrete sites and

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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, said: "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."

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