|Woolston Group targets £50m in revenue after making its first acquisition |
Published: 05:40 Wednesday 01 November 2017
Yorkshire-based Ward Woolston Group has acquired LDH Plant Limited as it aims to build one of the UK’s largest capital equipment dealers in the construction, demolition and waste management sectors. The group, based in Northallerton and the owner of Londonderry Garage Specialist Equipment (LGSE), is now targeting a revenue of more than £50m in the next five years. Established just two years ago, Ward Woolston Group is currently the largest supplier of Hiab truck mounted cranes and multilift demountable equipment in the UK. The company employs 60 people engaged in the sale of new and used machinery, parts and repair services to customers in the public and private sector, Led by managing director Scott Woolston, who co-owns the group with chairman Michael Ward, the business has grown substantially, with revenue increasing from £6 million in 2015 to £10 million in 2017. LDH Plant Limited is a construction equipment supplier based in Newport, Wales with more than 20 years trading experience. Robert Vaughan, the former managing director of LDH Plant, will remain with the business as sales director and Nicholas Higgins will retain the role of operations director. Ear Cancer in Cats Promoted by petmd [Opt out of Adyoulike ad targeting] Mr Woolston said: “LDH Plant is a well-established company, founded on like-minded principles and a strong culture of client care, which will complement and strengthen our services across the UK and create a business with combined revenue of £16 million.” Legal adviser to the Ward Woolston Group was a team from Squire Patton Boggs, led by Corporate partner Paul Mann and associate Maxine Burton.
Read more at: yorkshirepost.co.uk