Rudridge Limited has been acquired by Travis Perkins plc
The private shareholders of Rudridge Limited have sold the company to Travis Perkins plc for an undisclosed consideration.
Rudridge Limited is a leading specialist independent merchant to the groundwork, drainage and civil engineering industries. Founded in 2000 with one site in Farnham, Surrey, Rudridge Limited now operates from four branches in the South East England region.
Based in Northampton, Travis Perkins has been supplying the building and construction trades for more than 200 years and is one of the biggest suppliers, operating 1,900 outlets with more than 24,000 employees in the UK and Ireland.
Alan Betteridge Director and joint-founder of Rudridge said: “… we would like to say a massive thank you to you all. When we set off on this process, we had no idea what to expect, and had to select the support team we felt we could best work with. Without blowing our own trumpet, we couldn’t have done a better job in choosing you! A great mixture of characters that all complemented each other, and consummate professionals."
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Varsteel, Ltd. has acquired Pacific Steel, Inc.
Pacific Steel, Inc. has been acquired by Varsteel, Ltd.
Learn moreSibelco has received strategic advisory related to the exit of a minority shareholder
SCR Sibelco has received strategic advisory related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buyback program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue with its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.
Learn moreArbo Windows becomes the leading wooden windows producer in the Baltics by acquiring Arlanga Wood
Arbo Windows, a leading Latvian producer of wooden windows and doors, has acquired Arlanga Wood, a leading Lithuanian producer of wooden windows and doors, creating the largest wooden windows producer in the Baltic states. The combined group has over 200 employees and generates over US$20 million of annual revenues.
Learn more