NEWS
BrandSafway Lyndon Scaffolding buyout By Richard Trenchard
Y
ou have to speculate to accumulate, as the saying goes. And it’s a phrase that rings true on all sides of any business deal. US construction giant BrandSafway’s December 2018’s purchase of Lyndon Scaffolding, along with its own subsidiary Taylor’s Hoists, is a case in point. It represents an American firm investing heavily in buying a UK company at a time when the future of the latter country’s economy hangs somewhat in
the balance, with Brexit looming. A calculated risk, at the same time the business that has itself been purchased is placing its future in the hands of new owners. It therefore expects the same standards and principles to be maintained going forward, and that the deal will improve an already wellrespected name in the construction sector by extending the list of associated products and services. If the move is as successful as all
those involved hope, it should consolidate the market positions of the respective parties. Whatever the final outcome, moving forward there’s a new #BiggerBetter name in the sector – Lyndon SGB by BrandSafway. Which is a logical decision, considering the wider BrandSafway family also includes SGB, a BrandSafway unit which will now provide the perfect partner to the newly acquired Lyndon business. “This is an exciting combination,”
08 | Winter 2019
ScaffMag.com
