We are delighted to have advised Swanbridge Hire & Sales Limited (SHS) on their growth capital fundraising from BGF.
Based in Barry, South Wales, SHS is a specialist provider of high specification industrial scaffolding services, primarily to the Petrochemical and Utilities sectors. The transaction saw BGF invest £5.4 million of growth capital in the Company and is BGF's first investment in Wales. SHS owner Paul Smith said of the transaction “Over the last decade, SHS has built up a strong position in the scaffolding services market. However, in our business a certain level of upfront investment of equipment and working capital is needed when taking on new contracts and we had reached a point where we felt unable to take advantage of all opportunities available to us. With the support from BGF, we plan to strengthen our core capabilities, develop a broader range of services and expand into new sectors and geographies. This will allow us to best meet the needs of our clients."
Grant Thornton worked closely with us to prepare the business for an investor. I was impressed by their professionalism, their ability to understand our business and sector and their drive to get the deal done. Ultimately they not only found a great investor and partner for SHS but also secured funding which will help SHS’ future growth. I would recommend them to anyone looking for high quality advisory services.Paul Smith Founder and CEO Swanbridge Hire & Sales Limited