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Oceanair acquired by builders’ merchant MKM
M
KM, a leading independent builders’ merchant makes a strategic move into the HVAC sector with the acquisition
of Oceanair UK. Established in 2002, Oceanair has built a
reputation as a specialist distributor for market leading brands Daikin, Fujitsu and Panasonic. Its successful transition into the air to water market makes the business ideally placed for signifi cant growth in the future. Oceanair is an award-winning distributor of
HVAC, operating from locations in Mansfi eld and Crawley. The business has built strong relationships with both customers and suppliers over the years. Kate Tinsley, CEO of MKM, commented: “This is
an interesting acquisition for MKM and enables us to expand into further emerging marketplaces; Oceanair is a great company with very talented people. I’m really excited about our growth plans.” Oceanair will continue its operations under
its existing name, ensuring continuity for both customers and suppliers. Tony Evanson, the owner of Oceanair, will remain involved in the business for the foreseeable future providing support during the transition. He emphasised the importance of fi nding the right home for the business and expressed pride in its growth over the years. “I’m incredibly proud to see the business grow over the years and have developed some fantastic relationships with staff , customers, and suppliers. I have thought long and hard about selling the business and was adamant it needed to go to the right home. I’m very pleased to be
around the business to support the MKM team and look forward to seeing Oceanair grow under its new ownership.” Rob Barnes, MKM’s business development
director leading the acquisition, expressed confi dence in the growth potential of Oceanair. ‘This acquisition fi ts perfectly with MKM’s plans for expansion, allowing us to branch out further into the HVAC industry. Continuing to work closely with the current Oceanair team guarantees a seamless transition, customers and suppliers can expect business as usual.’ With a turnover of circa £1 billion, MKM is
a prominent player in the UK’s building and construction industry, standing out as the leading independent builder’s merchant. Established in 1995, the company has rapidly expanded its footprint with branches strategically located across England, Scotland, and Wales. From Redruth to Elgin, Norwich to Llandudno, MKM has a national presence, ensuring accessibility for customers throughout the United Kingdom.
6 March 2024 •
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