Johnston Quarry Group Ltd and Guiting Quarry Ltd

Smith & Williamson’s Corporate Finance team in Bristol has advised on the sale of Johnston Quarry Group Ltd and Guiting Quarry Ltd to SigmaRoc for an initial cash consideration of £35.5 million

Johnston Quarry Group is a specialist quarried materials supplier producing construction aggregates and premium quality building stone. The Group operates eight quarries and two separate processing sites located across the South West, Oxfordshire and Lincolnshire.
For the 12 months to 30 September 2021, JQG reported revenue of £14.7 million, generating EBITDA of £5.9 million and £3.6 million profit before tax.

SigmaRoc is an AIM-quoted buy-and-build group targeting construction materials assets in the UK and Northern Europe. The acquisition will extend SigmaRoc’s footprint in the UK and increase market coverage.

Iain Lownes, partner, and Paul Stagg, senior manager, from Smith & Williamson’s Corporate Finance team provided financial advice on the transaction.

Nicholas Johnston, founder of Johnston Quarry Group, said: “Smith & Williamson’s deal experience and calm but thorough approach was key to helping us achieve a successful transaction. We are delighted with the outcome and would like to thank the team for their unwavering support and for going the extra mile.”

Iain Lownes commented: “It was a pleasure to work with Nicholas and his team on this deal. Nicholas has created an exceptional business and we look forward to following its continued success under the ownership of SigmaRoc.”

Legal advice was provided by William Ingram Hill of Wansbroughs Solicitors.

For further information please contact:

Iain Lownes
T: 0117 376 2239
E: iain.lownes@smithandwilliamson.com

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