The Paint Shed has been acquired by Brewers.
Founded by Ogilvie Rolland in 1992, The Paint Shed has 20 stores across Scotland, as well as an online store, employing 87 people.
Brewers, already the UK’s largest independent decorator’s merchant - with 193 stores across England and Wales - is also a family business.
The Paint Shed will continue to operate as a standalone subsidiary of The Brewers Group. The combined group should enable efficiencies in distribution, expanded product ranges and customer services.
In the near to medium term, The Paint Shed sees the opportunity for between five and 10 more store openings across Scotland - and has not ruled out further growth by acquisition.
Ogilvie Rolland, executive chairman of the Paint Shed, said: “As another business with strong family roots, their values and culture mirrors our own, and will be a fantastic fit.
“It is our amazing people that have built such a successful company, I can’t thank them enough for their contribution and commitment over the years, and I wish the team every success going forward.”
Simon Brewer, chief executive of Brewers, said: “Ogilvie, Michael and The Paint Shed team have built an incredible business, with great progress made over the last few years despite a challenging environment.
“The Paint Shed’s geography is a perfect fit with the Brewers Group’s own store network - together we bring even greater economies of scale which will benefit all our customers, we are extremely optimistic for the prospects of the combined business and our next phase of growth.”
Michael Rolland, managing director at the Paint Shed, said: “We plan on continuing to win market share in the locations we serve and grow the brand wherever we think we can add value to the customer.
“In our experience, people prefer to shop with specialist retailers, as opposed to generalists or single brand offerings.”
The deal provides an exit for BGF, which has backed The Paint Shed since 2020.
Graham Clarke, investor at BGF, said: “I am confident that the acquisition by Brewers is a strong outcome for all parties, representing a good fit for the company going forward, whilst delivering BGF a strong internal rate of return of 22%.”
The Paint Shed, which is headquartered in Stirling, has stores in Aberdeen (Westhill), Bathgate, Berwick, Dumbarton, Dunfermline, East Kilbride, Edinburgh (Blackford, Howe Street, Hutchison Terrace, Loanhead and Marchmont), Glasgow (Anniesland and Parkhead), Glenrothes, Greenock, Helensburgh, Inverness, Musselburgh, Paisley and Stirling.
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