Deal Card: Brandon Hire
BDO Birmingham Lead Advisory team has wrapped up another major deal advising Wolseley, the FTSE 100 global building products distributor, on the sale of Brandon Hire for £43m, subject to normal closing adjustments, to Rutland Partners. Brandon is a leading tool and equipment hire business with a national network of 177 depots. Brandon has over 50,000 local trade and smaller business accounts operating in a range of maintenance, building and service sectors as well as national contracts with larger customers. The business has revenues of approximately £70m and has nearly one thousand employees across the group.
"The disposal of Brandon is in line with Wolseley's stated strategy of focusing on our growth businesses and those with synergies. We were delighted with the help that the BDO team gave us in achieving this objective."
Derek Harding, Finance Director Wolseley UK
