Acquisition drive gets underway for PE-backed lift specialist

LDC-backed Deltron Lifts has made its first acquisition as part of an ambitious growth plan.

The Dudley-based lift specialist has acquired Elevate UK Lifts, located in Kingswinford, to boost its presence across the Midlands.

Deltron employs 94 staff who maintain 9,000 units across the UK, with more than 1,700 customers across both the public and private sectors, including housing associations, local authorities, hospitals and property and facilities management firms.

LDC made its minority investment in the firm last month, which is set to fuel an ambitious strategy underpinned by investment in its services and complementary acquisitions.

Jerroms Corporate Finance provided lead sell-side advisory support to the owners of Elevate UK Lifts.

Ross Davis, Jerroms Corporate Finance said: “We are delighted to have advised and supported Elevate UK throughout the sale process. This deal represents a perfect fit due to their geographic synergy and like-minded focus on excellent customer service. Both parties showed a genuine commitment to guarantee a successful transaction, ensuring its continued prosperity”.

Legal support for Elevate UK was provided by The Wilkes Partnership and Higgs LLP for Deltron Lifts.