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."
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