Our Corporate Finance team has helped French multinational Altrad Group, which has a worldwide turnover of over €600M, to increase its share of the UK scaffolding market by acquiring the Trad group of companies.
With an annual turnover of around £45m, Trad is among the largest privately-owned scaffolding groups in the UK. Its contracting operations are focused on London and the South East and it supplies access and scaffolding equipment through a nationwide network of branches.
As a result, it is an ideal acquisition for Altrad Group, which specialises in the manufacturing and sales of scaffolding, cement mixers and wheelbarrows and provides additional contracting services in the scaffolding sector.
Martyn Brierley says:
“As Altrad Group’s legal advisers, we carried out detailed due diligence and negotiated the purchase documentation. We managed this complex transaction, involving some 200 documents, for the acquisition of two separate groups with diverse shareholdings, trust and inter-company structures. Trad is the fourth acquisition on which we have advised Altrad on recently as part of its continued consolidation plan in the UK. By acquiring Belle group, NSG, Generation Hire & Sales, MTD Scaffolding and now Trad they have significantly extended the range and availability of their products and services and become one of the largest suppliers in the industry.”
Altrad Belle UK managing director Ray Neilson said:
“This acquisition forms part of the bigger plan to provide the UK market with products and services from Altrad, which now owns more than 80 subsidiary companies. Martyn Brierley was excellent as has proved to be the case with each of these important acquisitions. Nothing was too much trouble and the Flint Bishop team were always available to work as a vital and integral part of the Altrad acquisition team. We look forward to working together in the future and highly recommend Flint Bishop’s services to others.”
For further information, please contact a member of our Corporate Finance team on 01332 340 211.