West Midlands lift firm poised for new heights after acquisitions
West-Midlands-based Deltron Group, which installs and maintains lifts, has acquired five complementary businesses in recent months to accelerate its growth across the UK, said investor LDC, part of Lloyds banking group, which has backed the firm.
The acquisitions - all completed since LDC backed Deltron’s management team in July - are Metro Lifts (London), Elevate UK Lifts (Stourport-on-Severn), Elevator Group (London), A1 Lifts (Liverpool) and Lift Control (Livingston).
READ MORE: LDC invests in Deltron to support growth strategy
The Dudley-based company has seen significant growth under the leadership of directors Scott Haywood and Lukas Schlenker.
"Our partnership with LDC has helped us to quickly accelerate our growth strategy. Elevate, Elevator Group, A1 Lifts, Metro and Lift Control are all highly respected businesses and – importantly – share our values around quality of service and technical competence," said Schlenker.
"Their addition to the Group expands our reach and deepens our collective expertise and experience, and we’re looking forward to driving further growth, together."
The business now employs 160 people and maintains around 12,000 units across the UK.
Matt Newbold, Investment Director at LDC in the West Midlands, added: "These acquisitions add significant scale to the Group, and we are now focused on helping them to continue growing through additional acquisitions and further investment in their market-leading services."
