TG Lynes Limited has been acquired by Grafton Group plc
February 2015 — The shareholders of TG Lynes Limited have sold the company, a leading distributor of mechanical engineering products for use in commercial and public sector buildings, apartments and industrial processes to Grafton Group plc. Financial details have not been disclosed.
TG Lynes has a long established and strong position in the mechanical services market in London and the South East region and trades from a purpose built distribution facility in Enfield, North London.
Grafton Group plc is a predominantly UK and Ireland-based building materials group with nearly 600 branches and a turnover of over US$3 billion. The acquisition greatly enhances the group's coverage of this segment of the merchanting market and is a significant step forward that complements development of the Plumbase Industrial business.
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Selena Group has acquired Grupo IGM
Selena Group has acquired a 66% stake in Grupo IGM, with the remaining 34% to be acquired after a three-year period through a put and call option mechanism. The transaction reinforces Selena Group’s international growth strategy through M&A and strengthens its position in Western Europe, particularly in the Iberian market. It supports the group’s long-term growth ambitions in sustainable construction solutions, expanding its capabilities and product offering in the energy-efficient construction segment.
Learn moreF.EE has been acquired by One Equity Partners
F.EE GmbH, one of Germany’s leading providers of innovative solutions in mechanical engineering, automation hardware, cabinet control, software and robot programming, has been acquired by One Equity Partners. This transaction will strengthen the private equity firm’s operations in the industrial automation space. The sellers have reinvested and will remain involved in the business for the coming years.
Learn moreSAP Landscapes has secured investment from Renatus Capital Partners
SAP Landscapes Limited has secured new investment from Renatus Capital Partners. The investment from Renatus will accelerate SAP Landscapes’ continued expansion, including geographic growth and the broadening of its services, both organically and through potential acquisitions or partnerships.
Learn more