Thu, 26 Sep 2024 | BUSINESS SALE
A private-equity backed lift maintenance and repair specialist based in the West Midlands has expanded with a raft of acquisitions as it accelerates its growth across the UK. Deltron Group’s management team was backed by private equity firm LDC in July.
Since then, the company has acquired five UK businesses: London-based Metro Lifts and Elevator Group; Liverpool-based A1 Lifts; Stourport-on-Severn-based Elevate UK Lifts; and Livingston-based Lift Control.
The deals support Deltron’s acquisitive growth strategy, while increasing its unit density and expanding the group’s geographic reach across the UK. Following the deals, the company is set to continue targeting further acquisitions.
Deltron is led by directors Scott Haywood and Lukas Schlenker and employs 160 people. The company maintains approximately 12,000 units across the UK and has around 3,000 clients spanning both the public and private sectors.
Commenting on the company's acquisitive growth, Deltron Group director Lukas Schlenker said: "Our partnership with LDC has helped us to quickly accelerate our growth strategy.”
"Elevate, Elevator Group, A1 Lifts, Metro and Lift Control are all highly respected businesses and – importantly – share our values around quality of service and technical competence.”
"Their addition to the group expands our reach and deepens our collective expertise and experience, and we’re looking forward to driving further growth, together."
Matt Newbold, investment director at LDC in the West Midlands, added that the target companies were “five complementary businesses that share a strong culture and track-record of exemplary customer service, in strategically important parts of the country.”
He continued: "These acquisitions add significant scale to the group, and we are now focused on helping them to continue growing through additional acquisitions and further investment in their market-leading services."
Find out how private equity investment is helping to drive strong M&A activity in the UK's building products and services sector
An exciting opportunity to purchase a North East specialist contractor providing diamond drilling & sawing and fire protection services. The leading North East specialist drilling & sawing contractor, with an excellent reputation and an expert servic...
The business has been solving access problems for its industrial, commercial and domestic clients since 1977. The company hires and erects aluminium scaffold towers, bridging units, cantilever and facade scaffolding plus staircases. All scaffold towe...
Long-established Essex industrial roofing and cladding providers, the business is located in a prominent trading position.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.