Brickabilty snaps up southern roofing contractor

Aaron Morby 3 years ago
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Fast-growing construction materials distributor Brickability has bought Hampshire roofing contractor Leadcraft for £5.5m.

Leadcraft is Brickability’s 12th strategically significant acquisition in the last three years and follows the recent purchase of rival timber and brick distributor Taylor Maxwell for £63m.

Leadcraft, founded in 1997, provides a full range of roofing services including tiling, slate, zinc, copper, felt and lead works.

In the last 12 months, it turned over £5.6m delivering a £1m profit.

The deal involves an initial payment of £3.3m with £2.2m payable in cash over the next three years, of which nearly a half is performance-related.

Alan Simpson, CEO, Brickability Group, said: “Following our recent transaction with Taylor Maxwell, this is another strong acquisition for Brickability as we continue the strategy we set out at IPO.

“Leadcraft is a great addition to our very profitable Roofing Services division, expanding our product offering in this area by bringing copper and zinc metal roofing and heritage leadwork capability into the group.

“This acquisition will further strengthen and diversify our offering as we lean into the V-shaped recovery being seen across the construction sector.”

Since being founded in South Wales in 1984, £180m revenue Brickability has steadily grown to create a network of 25 sites supplying together over 300 million bricks annually as well as blocks, rain screen cladding systems, architectural masonry, paving, roof tiles and slates.

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