A leading lift maintenance and repair company has recently expanded its operations significantly.
This growth was facilitated by acquiring five complementary businesses across the United Kingdom.
A renowned lift maintenance and repair company has successfully acquired five businesses. These strategic acquisitions have facilitated the company’s expansion across the United Kingdom.
The acquired companies, Metro Lifts and Elevator Group from London, Elevate UK Lifts in Stourport-on-Severn, A1 Lifts in Liverpool, and Lift Control in Livingston, complement the firm’s existing operations.
The company’s accelerated growth trajectory can be attributed to the support from a private equity firm, which backed the management team in July. This financial backing has enabled the execution of multiple acquisitions in a relatively short period.
Over the last two years, the company has seen significant year-on-year growth, highlighting the effectiveness of its current leadership.
The company now maintains around 12,000 units across the UK, serving approximately 3,000 customers in both the public and private sectors.
Employing 160 people, the company has enhanced its market presence. The recent acquisitions have expanded its reach and deepened its expertise.
According to a company director, the new additions share a commitment to quality service and technical competence.
“Our partnership with the private equity firm has expedited our growth strategy,” stated a company director. “The newly acquired companies are highly respected and align with our values around service quality and technical expertise.”
The director emphasized the expanded reach and collective expertise brought about by the acquisitions. “We look forward to driving further growth together,” they added.
An investment director from the private equity firm remarked, “It has been fantastic to assist the team in acquiring these five businesses, all of which share a strong culture of exemplary customer service.”
He noted that these acquisitions significantly scale the company’s operations, allowing for continued growth through additional acquisitions and investments.
With the support of private equity, the company is poised for further growth and market expansion. The focus will be on acquiring more complementary businesses and investing in market-leading services.
The company plans to leverage its expanded expertise to enhance service quality and operational efficiency.
The company’s strategic acquisitions have successfully broadened its market reach.
With continued private equity support, further growth and expansion appear inevitable.
