Trad Scaffolding sold to French giant Altrad

Grant Prior 12 years ago
Share

The Trad Scaffolding group of companies has been sold to Altrad as the acquisitive French company continues to grow its presence in the UK market.

Trad was formed in 1971 and has grown to become the largest privately-owned scaffolding contractor in the country.

Trad employs 450 people and has a turnover of £45m from its focus on scaffolding work across London and South East alongside a national hire network.

The Trad Group will continue to operate from the current locations around the UK and be run by the existing management team.

Hayden Smith remains as Group Chairman, Des Moore as Group Managing Director and Alan Skeats as Group Financial Director.

No value for the deal has been disclosed.

Smith said: “Opportunities have been numerous over the years to sell the Trad Group but were never seriously considered as it would have led to changes in our successful management team followed by the loss of our long established and well respected identity.

“The Altrad Group offer made it very clear that they wanted the Trad Group but were very insistent that the team stayed intact long term to continue with our successful strategy of providing quality service and materials which is instrumental in both client satisfaction & retention.

“I am very impressed on this focus by the Altrad Group and my team and I are all very motivated going forward to continue our profitable growth with the knowledge that we have the full support of not only a major manufacturer of access products but a successful group with the same ethos which creates success”.

Ray Neilson MD of Altrad Belle UK said: “This acquisition forms part of the bigger plan to provide the large UK market with products and services from Altrad who specialise in the manufacturing and sales of scaffolding, cement mixers and wheelbarrows, together with providing additional contracting services in the scaffolding sector”

Previous UK acquisitions by Altrad include BarOmix, Belle Group, Beaver 84, NSG, Generation and MTD.

Altrad is keen to continue with its expansion plans and wants to hear from companies that are interested in joining the group if they are involved in any element of scaffolding, cement mixers or wheelbarrows -preferably with a turnover in excess of £10m.

Latest news

Bidding to start for £1.8bn North West framework

Contractors invited to bid for latest Procure Partnerships deal
57 minutes ago

Hill hits record £90m profit as homes pipeline swells

Build-to-rent push and £4.8bn contracting book to fuel next growth phase
15 hours ago

Rayner unveils £39bn plan to build 300,000 social homes

Council building revival and rent reform feature in social and affordable homes plan
23 hours ago

Keltbray bounces back with £3.2m profit

Tighter controls and smarter project selection fuel strong turnaround
23 hours ago

VINCI JV wins 500-home twin town centre revamps

Chester Northgate phase 2 and Northwich Weaver Square schemes move to delivery stage
23 hours ago

80 energy projects unlocked as Ofgem backs grid expansion

£24bn energy networks deal gets green light from regulator
2 days ago

How to see your stories on the Enquirer

Join our Suppliers and Buyers directory to get your news published
23 hours ago

Henley lands Midland Mill revamp on Leeds tower scheme

Restoration of 18th-century mill kicks off on South Bank regeneration project
22 hours ago

New boss at Eric Wright Civil Engineering

Gavin Hulme takes top job as Diane Bourne moves to group role
1 day ago

Pinewood submits £1bn data centre plan

Studio giant adds green and learning spaces to tech hub blueprint
2 days ago

Record results after TClarke goes private

Britain's biggest M&E contractor flourishes after de-listing
2 days ago

Dalkia lands £200m nuclear maintenance deal

1,000 nuclear FM staff to join M&E contractor
2 days ago

Construction comeback to outpace wider economy

Arcadis forecast fueled by spending review optimism
3 days ago

First steel goes up on giant car battery site

Severfield gets to work on McAlpine Somerset site
3 days ago

Permasteelisa wins cladding deal on Bovis city tower

Facade specialist lands package at 60 Gracechurch Street
2 days ago

Fox buys recycled asphalt specialist Fisher

Acquisition adds major recycled asphalt capacity in north west
3 days ago

Major Building Safety Regulator shake-up to end tower delays

HSE stripped of control and top fire chiefs brought in to fast-track stalled schemes
3 days ago

Hinkley trio sign Sizewell civils deal

Balfour,Bouygues and Laing O'Rourke form Civil Works Alliance for new power station
3 days ago

£3.9bn data centre plan for Ravenscraig steelworks

Green energy to power massive new steel to silicon AI campus
3 days ago

Breakthrough on HS2’s second longest tunnel

8.4 mile Northolt to Old Oak Common drive completes
3 days ago

Neilcott on fast-track to debt-free employee ownership

£22.5m loan nearly paid down after big profit year
3 days ago

TfL kicks off race for £700m Tube station upgrade

South Kensington and Elephant & Castle top the pipeline list
3 days ago

Corbyn Plant Hire fleet goes under the hammer

Kit to be sold off by sister firm to collapsed groundworks contractor
3 days ago

Government wields procurement stick on late payment

New rules would block slow payers from bidding on big public jobs
6 days ago

Hercules buys power line labour firm for £15.7m

Labour supply specialist snaps up Advantage NRG to tap booming electricity upgrade market
6 days ago

Universal bid to fast-track planning for theme park

Entertainment giant eyes 2026 start at Bedford site
6 days ago

Developer Breck to transform former Ibstock brick factory

Ravenhead works to become 300-home development
6 days ago

SP Energy Networks awards contracts worth £1.4bn

First round of awards under £5.4bn national electricity grid upgrade programme
7 days ago

Travelodge to convert Liverpool Street office building

Office-to-hotel conversion in City of London
6 days ago

Plans lodged for 1m sq ft City of London office

Barbican landmark building will reuse 40% of existing structure
7 days ago