Wolseley has acquired heating, plumbing, tiling and bathroom businesses Heat Merchants, Tubs & Tiles and Hevac
May 2022 — The shareholders of Heat Merchants, Tubs & Tiles and Hevac have reached an agreement to sell the businesses to Wolseley UK, a portfolio company of Clayton, Dubliner & Rice.
The Heat Merchants Group is a merchant network comprising of 31 branches across Ireland, together with a central warehouse and distribution hub in Athlone. The business sells plumbing supplies, such as spare parts, heat pumps and boilers, with a particular market focus on residential and simple commercial projects in both new build and repairs, maintenance and improvement. Support services offered include technical design and specification, installer training, commissioning, warranty and after sales services. The commercial division manages a variety of light commercial and multi-residential projects. It has a well-established position in the market with a 42-year track record.
Tubs & Tiles is the largest tile and bathroom retailer in Ireland, with 12 showrooms nationwide plus an established e-commerce channel. In addition to retail sales, it is a key provider to hotels, leisure, retail and multi-residential developments in the commercial sector.
The Hevac Group consists of five companies that supply a range of HVAC products, including large industrial steam systems, underfloor heating, district heating, bespoke stainless steel pipes and renewable energy solutions. The group specializes in heating systems to the commercial, industrial and residential sectors. Hevac engages with customers from the project of concept stage to project delivery.
Founded in 1887, Wolseley is a leading specialist provider of plumbing, heating, cooling and utility products to trade customers, predominantly supplying professional contractors in the repairs, maintenance and improvement market as well as the new construction market. Wolseley trades under a number of leading UK brands, including Wolseley Plumb & Parts, Wolseley Pipe, Wolseley Climate, William Wilson, Jointing Tech, Burdens, and Fusion Utilities. It has around 560 branches nationally, three centers of excellence in the utilities divisions, support centers in Warwick and Ripon, and three distribution centers. Clayton, Dubliner & Rice acquired Wolseley UK in 2021.
Our role in the transaction
Oaklins’ team in Ireland acted as the exclusive M&A advisor to the shareholders of Heat Merchants, Tubs & Tiles and Hevac on their sale to Wolseley UK.
Contáctese con el equipo de la transacción
Transacciones relacionadas
ENGIE Énergie Services has sold Majorelle to Isospace group.
Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace group by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace group generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, President of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.
Aprenda másMulti-Tech and AGJ have been acquired by Wicotec Kirkebjerg, part of the Aarsleff Group
Rent-Tech A/S, including its subsidiaries Multi-Tech A/S and Asger G. Jørgensen A/S (AGJ), has been acquired by Wicotec Kirkebjerg A/S, part of the Aarsleff Group. The transaction creates a strong platform for continued growth and development. With the acquisition of Rent-Tech, Wicotec Kirkebjerg strengthens its industrial service offering and position in West Zealand, Denmark, expanding its capabilities in electrical installations, specialized piping and metalwork services. As part of Wicotec Kirkebjerg, Rent-Tech gains access to additional resources, expertise and larger-scale project opportunities while maintaining their local presence, management teams and long-standing customer relationships. All businesses will continue to operate under their existing brands and leadership teams.
Aprenda másICOP has transferred its listing from Euronext Growth Milan to Euronext Milan
ICOP S.p.A. has transferred its listing from Euronext Growth Milan to Euronext Milan.
Aprenda más