Hillhouse Group, one of the largest independent suppliers of quarry materials in Scotland and a third-generation family business, has acquired Skene Group Construction Services Limited for an undisclosed sum.
The deal will see Skene Group, which is a second-generation family-run firm, join the wider group, with the expanded business set to total almost 400 staff.
Established in Troon in 1907, Hillhouse has grown to be one of Scotland’s leading suppliers of asphalt, aggregates and concrete products to the construction sector.
The business, which employs 280 people across six sites in Central and Southwest Scotland, also provides road surfacing, highway maintenance, civil engineering and operated plant hire services.
It said the acquisition will accelerate its expansion, while safeguarding its future.
Fife-headquartered Skene Group was founded in 1968 and is an independent operator in the construction supply sector.
It has four sites and a strong presence in the East of Scotland which will complement Hillhouse’s West of Scotland sites.
As part of the deal Neil Skene and Jill Mason will assume new consultancy roles within the business, while Darren Forrester remains MD of Skene Group.
Hillhouse CEO Robert McNaughton said: “Hillhouse Group and Skene Group Construction Services Ltd are strikingly similar in a variety of ways; family businesses founded in Scotland, with strong community roots, shared values and aspirations to deliver excellent services to the construction sector.
“Given the enviable track record of the business, the nature of its services and its complementary regional focus, it was natural for us to acquire Skene Group Construction Services Ltd when the opportunity presented itself.
“We are looking forward to working with the team over the coming weeks and months as we plan for integration and growth.”
Neil Skene added: “This deal represents the most significant step we have ever taken. We have remained independent for over 55 years and have enormous pride in what the business has achieved. It is now time to look to the future.
“Being part of Hillhouse Group will ensure the long-term sustainability of our business, provide opportunities for our people and create a platform for future success.
“Through the continued leadership of Darren and the whole management team, we are certain that the business will continue to go from strength to strength.”
Was this interesting? Try How two brothers built Oliver Connell & Son
If you have a tip or story idea that fits with our publication, please contact the news editor rory@wavenews.co.uk
Get industry news in 5 minutes!
A daily email that makes industry news enjoyable. It’s completely free.
