Tue, 20 Aug 2019 | BUSINESS SALE
English Architectural Glazing Limited (EAG) has been snapped up by private equity fund Elaghmore as the eighth acquisition of its initial PE fund.
Thought to be one of the top construction contracting businesses in the UK, EAG is at the helm of the envelope cladding sector and specialises in the construction of complex and dynamic building facades. Established in 1985, the company currently employs 125 people across its three sites in Norfolk, Suffolk and Staffordshire.
In spite of the acquisition, the company’s existing management team will remain on board to help expand its operational capabilities. This will ensure they capitalise on the growing requirement for aluminium rain screen cladding and off-site unitised cladding manufacturing.
Presently, EAG provides its services to a number of long-standing clients like Stanhope, Kier, BAM and Skanska, and conducts its projects primarily in London and South East England.
Andy Ducker, a partner at Elaghmore, said: “EAG has a first-class reputation and track record, and is known as a high-quality contractor and manufacturer, offering excellent client service. With the operational support we can provide, the business has an exciting future, with a talented workforce that has a wide range of skills, knowledge and experience in design, engineering, manufacturing and fabrication. We look forward to working closely with the EAG team to grow the business.”
Elaghmore’s acquisition is part of its investment strategy to focus on businesses with significant growth and value-creating opportunities.
Managing Director of EAG, Simon Gladwin, commented on the deal, saying: “This is an exciting day for EAG, as we look to build the future and increase our client base. We are excited about working with Elaghmore, whose financial backing and operational expertise will help us to expand the business and capture the growing marketing demand for our products and services.”
Project Golden presents an opportunity to acquire two successful construction and maintenance companies specialising in fibreglass technology, with a solid customer base and established management system. Offers are invited from serious buyers.
Opportunity to acquire a long-standing business with a strong reputation in bespoke joinery, carpentry, and shopfitting. Potential for high profits and growth with increased marketing and workforce.
This well-regarded business specialises in the design, installation, and maintenance of bespoke swimming pools and saunas, boasting a loyal client base with 90% providing repeat business.
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