Insights
Benchmark International Successfully Facilitated the Transaction Between R.E.S Distribution Limited and Wolseley Group Holdings Limited
June 20, 2024
Benchmark International is delighted to announce the acquisition of Somerset-based R.E.S by Wolseley.
R.E.S is an MCS-accredited renewable equipment specialist that operates nationwide. Working with trade, the company supplies a complete range of renewable and energy-efficient technologies including heat pumps, underfloor heating, solar PV, EV chargers and MVHR.
Established in 1887, Wolseley has grown to become the leading plumbing, heating & cooling, and infrastructure trade specialist merchant in the UK. The company has offices in Warwick and Ripon, distribution centres in Melmerby, Milton Keynes, and Measham and around 560 branches across the UK.
The addition of R.E.S to the Wolseley Group portfolio will enhance strategic growth, while enabling Wolseley to expand within the renewables space. The move marks Wolseley’s first ever purchase of a company that is purely specialised in offering renewable systems.
Post sale, R.E.S will retain its brand identity with business operating as usual. Managing director, Shane Oxberry, will also remain with the business.
Mr. Oxberry commented on the acquisition: "We are delighted to be joining forces with the Wolseley Group which presents an incredible opportunity for R.E.S to scale our impact and drive the adoption of renewable energy solutions across the UK. We share a common vision for a sustainable future and customer satisfaction. Together we will achieve remarkable advancements in the renewables sector."
Simon Gray, chief executive officer at Wolseley Group, said: “Adding R.E.S to our group of brands is essential for us to be successful in supporting our customers moving towards environmentally friendly products. Our recent launch of ‘Renewables by Wolseley’ is pivotal to this acquisition. Utilising the vast expertise of R.E.S, and combining this with our extensive product range from industry leading brands, provides our customers with the very best in the market.”
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Publicaciones relacionadas
La saturación del mercado ya está aquí: ¿se subirá a la ola o se dejará arrastrar?He recibido muchas preguntas sobre cómo se ha desarrollado el superciclo de fusiones y adquisiciones previsto y en qué punto del continuo de saturación del mercado nos encontramos, así que he pensado en compartir una actualización como continuación del artículo del año pasado "La saturación del mercado está llegando".Benchmark International Named Investment Banking Firm of the Year for the Second Year in a RowThe M&A Advisor announced the winners of the 16th Annual International M&A Awards, and Benchmark International was again recognized in several categories, including being named Investment Banking Firm of the Year for the second consecutive year.Benchmark International also received the following awards this year:M&A Deal of the Year ($10MM to $25MM) • For the acquisition of Whistler Tech by Milexia Consumer Staples Deal of the Year • For the acquisition of Copernus Ltd. by Suempol Sp The M&A Advisor Awards are known as the Oscars of the M&A world, serving as the industry benchmark for dealmaking excellence and recognizing the leading M&A transactions, restructurings, deal financings, products and services, firms, and professionals. An independent panel of global M&A, restructuring, and corporate finance practitioners evaluated nominations from around the world, representing companies with deals ranging from $10 million to more than $10 billion. The winners will be honored on September 15-16, 2025, at a black-tie gala in New York City.