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Benchmark International Successfully Facilitated the Transaction Between SGS Limited and Wescott Industrial Services Ltd
February 17, 2021
Benchmark International is pleased to announce the sale of specialist scaffolding contractors, SGS, to Wescott Industrial Services.
Established in 1994, SGS is a main supplier of scaffold access and support systems for the large industrial, petrochemical, waste to energy, pharmaceutical and food industries, as well as providing services to domestic and commercial projects.
The company has a workforce of around 70 directly employed personnel and operates nationwide for clients such as Engie, BAM Construction, Amco Griffen and Gassco Gas Terminal.
Employing around 80 people, Wescott Industrial Services has established itself in the energy sector supply chain with its provision of on and offshore fabric maintenance and rope access supervision capabilities.
The North East-based company delivers a range of surface preparation and industrial blasting and painting services to sectors such as renewables, marine, oil & gas and infrastructure, which often requires the use of large scaffold structures sourced from subcontractors.
As a result of the acquisition of SGS, Wescott Industrial Services will be able to offer its existing and new clients fully integrated scaffolding services, which it previously sub-contracted, therefore enabling the company to better control this element of the supply chain, along with the overall delivery of projects. In addition, the acquisition offers cross-selling opportunities between the two companies’ diverse client bases.
Matthew Doyle, commercial director of Wescott Industrial Services, said: “The acquisition of SGS is an essential component of our strategic growth as we increase our capabilities and market presence in new and existing sectors. Bringing such a well-established and experienced scaffolding contractor into our business will offer considerable benefits to both businesses and support the continued scale up of our operations.”
Corporate finance advice for SGS was provided by Benchmark International with legal advice from Primas Law.
Advising the directors of Wescott Industrial Services on the acquisition of SGS was RG Corporate Finance. Legal advice was provided by St James’ Square Law Firm.
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Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
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