EDISON GROUP ACQUIRES TYNE & WEAR BASED FIRM
Edison Group, the fast-growing Ayrshire-headquartered construction, property and investment business, has acquired Crown Architectural Systems, a north-east of England based company which operates from a 6500 sq. ft facility in Washington, in the City of Sunderland district of Tyne and Wear, and employs 29 staff.
The company, which was formed originally in 2007 as Crown Doors and Shutters, has an excellent reputation in the region’s construction sector and counts such high-profile businesses as Audi, Greggs, and the University of Northumbria amongst its customer base.
Edison Group Chief executive, Calum Melville, said: “Crown Architectural Systems is a specialist supplier to Tier 1 construction customers of windows, doors, curtain walling, fire shutters, roller shutters and security grilles, and represents a highly complementary addition to our existing portfolio of expert specialist supplier businesses.
It has contracted revenue for 2023 of £6m and it is our aim to have this increase to £10m in the year to December 2024. There are currently 29 employees in the business and we anticipate that we will create 14 new jobs this year.”
He added: “This acquisition represents our most important move to date into the construction industry market in the north of England and we plan to develop Crown ASL, as a UK-wide operator as we win yet more business in the wider UK construction sector.
I lead an ambitious business and this acquisition is just the latest manifestation of our determination to continue to grow rapidly. Edison Group in currently in legal stages with two further acquisitions which we anticipate will complete in April and May 2023 respectively.
These will bring bringing consolidated sales on rolling 12-months to £26 million.”
Edison Group, which recently opened its new offices in High Street, Irvine, has been highly active in growing and acquiring complementary businesses in the construction and property sectors.
Mr Melville commented: “We remain firmly in the market to acquire businesses that are complementary to our group activities are investing substantial sums to build an infrastructure and platform to drive growth over the next few years.
Our consistently expanding offering includes construction, project management, architectural services, bespoke joinery, furniture manufacture, interior design, interior fit out, all trades, driveways, landscaping, property maintenance and refurbishment”, said Mr Melville.