Camlee Group advise BCM Scaffolding Services on their sale to Safe Rise Scaffolding Group
20 Feb 2019
The Camlee Group recently acted as lead financial adviser to BCM Scaffolding Services on its sale to Safe Rise Scaffolding Group.
BCM Scaffolding Services Limited 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 Limited 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.
Andrew Rath, Corporate Finance Executive at Camlee, who was lead advisor alongside Managing Director Cameron Varley said: “Camlee Group was very pleased to have facilitated the sale of BCM to Safe Rise Scaffolding Group, and we wish the new owners tremendous success”.
Ramatu Banga of Fieldfisher Solicitors was adviser to BCM Scaffolding Services, whilst Safe Rise Scaffolding Group was advised by Stephanie Kleyman and Nick McEwen at Kleyman & Co. Solicitors.