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
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreICOP 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.
Learn moreKTL has received investment from Exponent
Exponent Private Equity has invested in KTL, underscoring its focus on backing high-quality Irish businesses. This investment also marks an exciting new chapter for KTL, accelerating the company’s growth and strengthening its footprint across its core telecommunications and power sectors in Ireland and the UK.
Learn more