Family-run builders merchants acquired by LBS Group

Family-run builders merchants acquired by LBS Group

Denman & Sons, a family run independent builders merchant based in Caerphilly, has been acquired by LBS Group, the largest independent builders' merchants in South Wales, in a transaction advised on by GS Verde Group.

Since its establishment in 1986, Denman & Sons has provided valuable service to its customers across Caerphilly, Blackwood, Newport and Cardiff with staff delivering their expertise in hardware, paints and glass. The company offer a huge variety of services including paving, drainage, fencing, insulation, painting and decorating, and tiling.

Founded in 1931, LBS is the largest and leading independent builders' merchants in South Wales. With more than 35 branches, the Group includes the brands LBS Builders' Merchants, LBS Kitchens & Bathrooms, LBS Renewables, Total Plumbing, and Talbot Timber, with the addition of Denman & Sons bringing the Group up to 10 brands and over 500 expert staff.

Craig Denman, Director at Denmon & Sons, said: "We are very pleased to take the next steps on our journey as part of LBS Group. We look forward to helping deliver the Group's future plans and joining the other brands in the group so that we can continue to deliver our excellent products and services to our customers."

Rachel and Ben Davies, Managing Directors of LBS Group, said: "LBS is delighted to welcome Denman & Sons through this strategic acquisition. We are proud to be an independent Welsh business and are committed to our investment in the region. Denman's Pengam branch is very well-connected, and we are looking forward to servicing the local community and working with the fantastic team there."

The transaction will see LBS take over Denman's site located in Pengam, retaining all staff, but with plans to transform the branch and truly enhance the already excellent offering to customers new and current. The move will create new and exciting opportunities for growth in the area.

GS Verde Group were pleased to advise Denman & Sons on the sale to LBS Group. GS Verde Group are the business-focused experts in getting deals done. Combining all the services needed to complete corporate transactions, including legal, corporate finance, tax, accountancy, and even communications. GS Verde Group acts as a complete advisory team and provides a truly end-to-end service.