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Concrete firm expands with local acquisition

Concrete

Business handshake

Concrete contractor LGW Group has acquired supplier Multi-Crete Concrete & Concrete Pumping.

The deal, announced last week, sees the Bristol company take control of the Gloucestershire firm from former owners Simon Robinson and Jason Bowen.

LGW works across the south of England and Wales. Its brands include Wright Minimix, Bristol Brick Company, Prodeck-Fixing and Mexboro.

The group had turnover of £40.8m in the 12 months to 31 December 2023 and made a pre-tax profit of £1.4m.

Multi-Crete’s website says it works in Newport, Gloucester, Bristol, Swindon and the surrounding areas.

Len Wright, managing director of LGW Group, said: “We look forward to working with Simon, Jason and the Multi-Crete team and to collaborating on construction projects across the region in the months and years ahead.

“This acquisition sets the stage for future growth and innovation at LGW.”

Robinson added: “We look forward to supporting the new owners to achieve the aims and ambitions of LGW Group for many years to come.”

Law firm Freeths advised LGW on the deal, while Hopson Solicitors acted for Multi-Crete’s shareholders.

Edward Chapman, corporate managing associate at Freeths, said: “The addition of Multi-Crete to the LGW Group adds new service lines and strengthens its existing house of brands, positioning LGW as a leading regional player in the construction industry.”

The UK’s top 10 concrete contractors by revenue saw their total turnover increase by 7 per cent to almost £2bn in their latest accounts compared with their previous year’s filings.

A merger and acquisitions expert said in December that high levels of the activity were expected to continue throughout 2025 in the specialist industrial, infrastructure and technical services markets.

“The industry continues to face rapidly increasing demand for specialist services with a shortage of skilled labour to deliver it,” added Clearwater director Zack Goddard.

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Greg Pitcher

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