The Independent Builders Merchant Group (IBMG) has further expanded its network of specialist plumbing and heating merchants with the acquisition of Sussex Plumbing Supplies (SPS).
Established in 2000, Sussex Plumbing Supplies is described as a highly successful independent plumbers’ and heating merchant supplying trade and retail customers across Sussex and Kent. Headquartered in Polegate, East Sussex, with seven trade counters and four bathroom, heating and kitchen showrooms, SPS has demonstrated strong organic growth since its formation.
Following its recent merger with Grant & Stone, this acquisition continues IBMG’s strategy of developing its divisions through a combination of acquisition, new site development and organic growth. Strategically it will extend the IBMG’s specialist plumbing and heating offering into Sussex and Kent and provide a strong platform for further growth.
For SPS, this partnership is said to “secure the right custodian for the business to support future succession – one with shared values, who will maintain and respect its legacy”. Glenn Vinall, SPS’ owner and Managing Director will continue to lead the business, working with Matt Bland, Managing Director of IBMG’s plumbing and heating division, to realise the growth opportunities that this partnership will deliver.
Matt said: “We are delighted to welcome SPS to the Group. We have much in common so this is a strong and logical partnership. Geographically our partnership is highly complementary and we are pleased to be able to strengthen our specialist plumbing and heating provision across the South East of England.”
Glenn added: “The team and I are proud of all that we have built to date but we recognise that our company will be able to achieve much more as part of a larger group. Partnering with IBMG will facilitate this growth and we look forward to continuing this success story together.”
