Hillhouse Group has acquired Skene Group Construction Services. Image: Hillhouse Group/LinkedIn
Hillhouse Group has confirmed its acquisition of Skene Group Construction Services in a “major” step for the two companies.
Under the terms of the deal, Skene Group Construction Services will join the Hillhouse Group and continue to offer its diverse services to the construction sector. The addition of Skene Group will expand the Hillhouse Group, one of the largest independent quarry suppliers in Scotland, to almost 400 people.
Neil Skene and Jill Mason will take on consultancy roles within the business, while Darren Forrester will remain as Skene Group Construction Services’ managing director. It has been confirmed that business will continue as normal for both companies.
Hillhouse Group chief executive officer Robert McNaughton said it will accelerate the expansion of the group, whilst safeguarding it for the future.
“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,” he said.
“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.”
Hillhouse Group is a third-generation family business that has established itself as a supplier of asphalt, aggregates, and concrete in Scotland. The company employs 280 people across six sites in central and southwest Scotland and provides road surfacing, highway maintenance, civil engineering, and operated plant hire services.
Fife-headquartered Skene Group Construction Services Ltd was founded in 1968 and is an independent operator in the construction supply sector, employing just over 100 people across four sites.
“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,” Neil Skene said.
“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.”
The post Hillhouse Group acquire Skene Group Construction Services appeared first on Quarry.