A well-known Greater Manchester-based building supplies company has acquired a Cheshire counterpart as part of plans to diversify and grow the business.
North West Timber Treatment Ltd (NWTT), based in Ashton-in-Makerfield, Wigan, has acquired Winsford-based Percy Brierley & Co for an undisclosed sum.
The corporate finance and tax teams at MHA Moore and Smalley, led by Stephen Gregson and Michelle Taylor, supported the transaction.
The deal will help family owned NWTT, which was founded in the 1980s, to grow its geographic footprint in the North West.
It also plans to expand the product range at Percy Brierley to become a full-scope builders’ merchants. The transaction also enables the retirement of Percy Brierley & Co’s majority shareholder Mark Beesley.
Stephen Gregson, corporate finance director at MHA Moore and Smalley, said:
“We’re pleased to have supported a longstanding client to start a new chapter in the company’s history. This deal sees two family-owned businesses that are committed to customer service coming together in a way that will help expand the product offering for customers.”
Sam Mayor, director of NWTT, said:
“Percy Brierley & Co is a name that’s become synonymous with building supplies in Winsford having been operating since the 1960s.
“We’re incredibly proud to have acquired the company and to welcome the team into the NWTT family. We will ensure Percy Brierley customers get the same great product and service experience they have become used to.
“We want to widen the network of NWTT builders’ merchants across Greater Manchester and the surrounding areas and are keen to explore further acquisition opportunities.”
NWTT provides a full range of building and landscaping supplies, including timber, fencing, decking, sheet materials, roofing, brick and paving supplies, as well as ironmongery, tools and workwear. The company has grown to have a turnover of £11m and employs 60 plus staff.
Percy Brierley & Co, which was incorporated in 1961, provides a wide range of building products from its premises at Woodford Park Industrial Estate in Winsford. All eight of the company’s employees will be retained following the acquisition.