Inflexion Private Equity has completed a minority investment in Huws Gray.
The independent builders’ merchant was founded in 1990 in Anglesey, Wales and now operates from 57 trading locations with almost 800 staff. Following the deal, it will continue to be majority owned and run by the existing management team which is led by John Llewelyn Jones and Terry Owen.
The investment by Inflexion coincides with Huws Gray’s recent acquisition of Penrith Building Supplies, marking its first acquisition in the Cumbria area.
Simon Turner, Managing Partner of Inflexion, commented: “We are delighted to partner with the team at Huws Gray as they embark on further growth. The business has been driven by an exceptional management team, which has grown from a standing start three decades ago, to become one of the largest independent builders’ merchants in the UK. The sector is at an exciting stage of development, with Huws Gray well placed to seek out and select add-on acquisition opportunities as it scales. We look forward to working together to expand Huws Gray’s footprint over the coming years.”
Terry added: “We’ve built something very special at Huws Gray and we are excited to partner with Inflexion, a like-minded company who share the same values and objectives. Inflexion has taken the time to understand our business and how we envisage its future. Unusually for a private equity firm, they were willing to take a minority stake, meaning we stay in control as we work together to accelerate our growth. The management team and I look forward to drawing upon the skills and experience of Inflexion as we seek to grow our business even further.”