Grant Thornton advises Miers Construction Products Limited

MCP was founded in 2010 to address the market need of a technically focused and highly experienced independent supplier of construction products. Opening from a single site in St Neots, the business has grown significantly through a strategy of organic growth and strategic acquisitions. Now operating nationally from seven branches and a market leader in the construction accessories market, the shareholders were starting to receive interest from third parties and having known our team for a number of years requested support to explore strategic options for the business.

Our corporate finance team worked closely with the shareholders to understand their ambitions for a transaction. The team ran a focused process with those parties who had approached and a handful of additional strategic acquirers. Key focus for the shareholders was ensuring an acquirer understood what made MCP unique and this culture was maintained.

Our relationships in the sector facilitated focused conversations with key decision makers where we presented the MCP business and opportunities for acquirers. After entering exclusivity with SIG Plc, we managed the process through diligence and key negotiations protecting and maximising value to deliver a great result for the shareholders with a truly strategic acquirer.