New acquisition by Grant & Stone

Grant & Stone Group has acquired Devondale Electrical Distributors (Devondale), which provides an extensive range of electrical and ancillary products to electricians, electrical contractors and facilities managers. This acquisition has expanded Grant & Stone’s network of specialist electrical wholesalers and is the most recent of a number of acquisitions including builders’ and plumbers’ merchants in the South West of England.

Devondale was established in 1981 and has its headquarters in Marsh Barton, Exeter, and achieved revenues of £10m in 2020. It is the largest independent electrical wholesaler in the South West, operating from nine branches across Somerset and Devon. Its staff are known for their technical expertise and outstanding service.

Grant & Stone’s strategy has been to develop its builders’ merchant business through a combination of acquisitions, new site development and organic growth. The acquisition of Devondale supports this, providing geographic expansion and product extension. Paul Wood, Devondale’s owner and MD, will continue to lead the business, working with Darren House, Grant & Stone’s electrical division MD.

Darren said: “We are delighted to welcome Devondale to the Group. We have much in common, so this is a strong and logical partnership. Our company is at a really exciting point in its development and this partnership ensures that we are well-positioned to progress the numerous growth opportunities available to us.”

Paul said: “I and the team are proud of all that we have built to date, but we recognize that our company will be able to achieve much more as part of a larger group. Partnering with Grant & Stone will facilitate this growth and we look forward to continuing this success story together.”