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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.

 

WE ARE READY WHEN YOU ARE

Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.

Americas: Sam Smoot at +1 (813) 898 2350 / [email protected]

Europe: Michael Lawrie at +44 (0) 161 359 4400 / [email protected]

Africa: Anthony McCardle at +27 21 300 2055 / [email protected] 

 

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $12.5 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Privately Owned M&A Advisor in the World by PitchBook’s and Refinitiv’s Global League Tables.

The content provided by Benchmark International, including articles, blog posts, videos, and other media, is for general informational purposes only and does not constitute legal, financial, investment, or business advice. While we strive for accuracy, the information may be based on third-party sources, market trends, and evolving industry data that are not independently verified or guaranteed to be current or complete. Any opinions expressed are those of the authors and do not necessarily reflect the views of Benchmark International. Market trends, forecasts, and forward-looking statements are inherently uncertain and subject to change. Nothing in our content should be relied upon as a substitute for personalized advice from qualified professionals. Benchmark International disclaims all liability for any loss or damage resulting from reliance on this content. Always consult with appropriate experts before making business decisions.

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