Know what you want? Try our 'Supplier Directory' 

Triple acquisition for Wolseley UK

Wolseley UK has acquired the heating, plumbing, tiling and bathroom businesses Heat Merchants, Tubs & Tiles, and Hevac Ltd.

Heat Merchants distribution centre and business support offices

The acquisition is subject to clearance from the Irish Competition and Consumer Protection Commission.

The three businesses combined have revenues of circa €150 million and employ over 400 people in 47 locations in the Republic of Ireland.

All jobs will be retained, and it is also planned that the individual brands will be retained.

Heat Merchants, which focuses on the heating and plumbing sector, has 31 branches all across Ireland together with a central warehouse and distribution hub in Athlone. Support services offered include technical design and specification, installer training, commissioning, warranty, and after sales services. The commercial division manages a variety of light commercial and multi-residential projects. It has a well-established position in the market with a 42-year track record.

Tubs & Tiles, is the largest tile and bathroom retailer in Ireland, with 12 showrooms nationwide plus an established ecommerce channel. In addition to retail sales, it is a key provider to hotels, leisure, retail, and multi-residential developments in the commercial sector.

Hevac Ltd. specialises in heating systems to the commercial, industrial, and residential sectors. Its capabilities include large industrial steam systems, underfloor heating, district heating, and renewable energy solutions. Hevac engages with customers from the project concept stage to project delivery.

The transaction also includes the acquisition of other successful brands including Tube Company of Ireland Limited; Polytherm Heating Systems Limited; Origen Energy Limited and Aluminox Limited.

Simon Oakland, chief executive Wolseley UK, commented: “This is a very exciting announcement for Wolseley as it acquires Heat Merchants, Tubs & Tiles, and Hevac, all well-known brands in Ireland providing a local and personal service, which Wolseley will further build on. Wolseley, itself, is undergoing an ambitious growth strategy through business acquisition and this latest announcement is a key part of this.”

Shane Colleran, director, Heat Merchants Group said: “This transaction and change to Wolseley ownership couldn’t have been better timed. It will allow us to build on the momentum we have generated over recent years and enable us to invest in the significant market opportunities in Ireland. There’s been a considerable increase in activity to address housing under-supply coupled with the continued development of commercial and industrial infrastructure on which this transaction will enable us to capitalise.”

Garrett White, director, Hevac added: “We are incredibly optimistic about the substantial opportunities presented by this acquisition by Wolseley. The new ownership will allow us to contribute the appropriate resources and skills to further invest in Hevac and leverage Wolseley’s broader operational capabilities. We are excited about the future and the chance to accelerate our growth with Wolseley.”

Heat Merchants and Hevac were advised on the transaction by CapNua Corporate Finance and Eversheds.

20 April 2022

Comments

Already Registered?
Login
Not Yet Registered?
Register

Time to book tickets for the HVR Awards 2025

While judging and voting continue for the HVR Awards 2025, it's now time to book your tickets. Go to https://hvrawards.com/book-tickets/...

  14-Aug-2025

NIBE adds heat network solutions to UK Portfolio with Cetetherm Pioneer HIU and substations

NIBE Energy Systems Limited has announced a major expansion of its HVAC solution offering with the integration to the portfolio of Cetetherm’s Pioneer Heat Interface Unit (HIU) and substation products, strengthening its mission to deliver ...

  20-Aug-2025

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards
BESA Industry Awards