Swanbridge Hire and Sales Integrated Services secures £2m acquisition
Welsh industrial services provider completes buy-out of Dixon Pentland Scaffolding Company to expand UK offering
Barry-based industrial scaffolding provider, Swanbridge Hire and Sales Integrated Services (SHS), has today announced the acquisition of leading scaffolding service Dixon Pentland Scaffolding Company Ltd in a transaction valued at approximately £2m.
Founded in 1968, the well-established Dixon Pentland Scaffolding Company, situated in Doncaster, works with high level clients in the energy and heavy industrial sectors such as the National Grid to provide a range of scaffolding solutions.
SHS, which erects and dismantles scaffolding and related services for the petrochemical, oil and power generation industries, plans to use the buy-out to expand into other highly specialised markets and to develop its services across the UK.
It marks the first acquisition that the industrial services provider has made since securing £5.4m growth capital from UK independent investment scheme the Business Growth Fund in September 2012.
Finance director Gavin Payne, who led the deal on behalf of SHS, commented:
“This is an important step for SHS. Dixon Pentland’s reputation and customer base is a great fit with SHS, opening up new markets and enabling us to provide an even more complete service to our customers.”