Breedon Group has expanded its operations in Britain and Northern Ireland with the announcement of three new acquisitions.
It just snapped up Broome Bros. Limited, a manufacturer of concrete blocks based in Doncaster.
Broome Bros. was founded by brothers Alan, Pete and Des in 1948 in response to the devastation World War Two had on industry and communities.
The company initially saw steady and then later substantial growth following external investment in the 1960s and 1980s, until the family regained full ownership of the business in 1998.
Today its delivery area spans Lincolnshire, Nottinghamshire and Yorkshire.
Breedon has also just acquired Minster Surfacing Limited, a road construction company based in Lincoln.
Minster Group was founded in 1999 by founder and managing director, Bruce Spencer-Knott.
It carries out road surfacing and civil engineering works for public and private sector clients across Lincolnshire, Shropshire, Cambridgeshire, Hampshire, Oxfordshire and London – and is also a supplier to the Ministry of Defence (MoD).
In Northern Ireland, Breedon snapped up Robinson Quarry Masters Limited, a family-run quarrying and concrete block business in Country Antrim.
It said the acquisition will further extend its footprint north of Belfast and enhance its aggregate reserves on the island of Ireland, while bringing over a customer base with exposure to housing, commercial and infrastructure end-markets.
Other Breedon Group subsidiaries include Breedon Cement, Lagan Group Holdings, Micromix (Northern) Limited, Pinnacle Construction Materials, Roadway Civil Engineering and Surfacing Ltd, and Barr Quarries Limited and more.
It is understood the three transactions have a combined enterprise value of up to £19 million.
“Many of our transactions come to us through our local knowledge and personal engagement with the owners,” said Breedon CEO, Rob Wood. “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.”
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