Hot on the heels of its expansion to 45 branches, MKM Building Supplies is reportedly up for sale to pave the way for further expansion (Financial Times).
MKM is probably the UK’s largest independent builders merchant, with branches across England and Scotland. There are approximately 4,500 builders merchants in the UK and MKM has around a 2% share of the market.
MKM’s store managers have stakes in the firm, amounting to 15%. Co-founder David Kilburn owns 40% of MKM, while private equity company 3i has 35% of the company and fellow private equity company LDC owns 10%. The company hopes to raise £220 million to underpin further expansion. There’s more detail at the FT.