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.”

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