Huws Gray

Huws Gray is the largest independent builders merchants in the UK, having grown through a combination of organic and acquisitive developments over the years. Inflexion made a minority investment into the business in April 2018 to support its continued expansion.

  • Sector


  • Headquarters

    Holyhead, Anglesey, UK

  • Fund

    Partnership Capital

  • Investment date

    April 2018 - June 2021

  • Status


The company 

Huws Gray is the largest independent builders merchants in the UK. It was founded in 1990 in Anglesey, Wales, and today operates from over 100 trading locations across Wales, East Anglia, the North West of England, the Midlands and Yorkshire with over 1500 staff. The business is a one-stop shop for small contractors or independent builders, offering comprehensively stocked branches to ensure that customers can always get what they need on the day it is required.

In October 2018, Huws Gray acquired Ridgeons, an independently owned timber and builders merchants trading from over 40 mixed branches in East Anglia. This transformational acquisition significantly increased Huws Gray’s store base and broadened its national presence, making it the UK’s largest independent builders merchants.

The Inflexion difference

As we were a minority investor in the business, Huws Gray remained majority owned and led by the existing management team headed by John Llewelyn Jones and Terry Owen. The company benefitted from the consolidation of the builders merchants market and expanded its geographical reach across the UK. Our extensive M&A experience supported Huws Gray’s buy-and-build strategy, as evidenced by the acquision of Ridgeons.