Primary Asset Finance recently acted as lead finance broker to Safe Rise Scaffolding Group Limited in its acquisition of BCM Scaffolding Services Limited.
BCM Scaffolding Services is one of the leading access providers within the Greater London area and serves a strong blue-chip client base operating in the commercial construction, residential construction and maintenance sectors. BCM is a provider of both supply and hire services, and is capable of meeting the demands of very large sites.
Adèle McLay, Director of Safe Rise Scaffolding Group led the transaction for the acquirer drawing on her significant business advisory, accountancy and investment banking experience. Adèle’s business partner and husband, David Hayde, Director of Safe Rise Scaffolding Group was also involved with the acquisition, drawing on his significant London commercial construction projects experience and expertise in corporate finance and management consulting as a former Partner, KPMG in New Zealand.
Adèle from Safe Rise Scaffolding Group commented, “We are thrilled to have acquired BCM Scaffolding Services. It has a long and proud history of serving leading construction companies in the wider London area, and we look forward to continuing to meet our clients and to providing excellence in scaffolding services to our existing and new clients.”
Fergal Shaw, BCM’s General Manager will remain with BCM Scaffolding Services reporting to the new Directors who will be hands-on within the business in the early stages of the acquisition, while the Founder, Peter (Jim) Commane has left the company and is enjoying his retirement.
Phil Betts, Managing Director at Primary Asset Finance said: “Primary Asset Finance was very pleased to have facilitated the acquisition of BCM Scaffolding Services by Safe Rise Scaffolding Group, and we wish the new owners tremendous success”.
Safe Rise Scaffolding Group was also advised by Stephanie Kleyman and Nick McEwen at Kleyman & Co. Solicitors.