UK private equity fund Elaghmore has acquired English Architectural Glazing Limited (EAG) for an undisclosed figure.
Founded in 1985, EAG is a specialist in building facades within the cladding sector. Elaghmore has acquired the business from its existing management team who will remain with the company.
EAG provides envelope cladding packages to an established base of long-standing clients including Stanhope, Kier, BAM and Skanska. EAG operates from three sites in Attleborough (Norfolk), Mildenhall (Suffolk) and Cannock (Staffordshire), employing 125 people.
The business is focused on London and the South East and works in a variety of sectors including retail and leisure, commercial, residential, healthcare, and education.
Projects have included Great Ormond Street Hospital, Wimbledon Centre Court, DLR Station City Airport, The London Stadium Transformation, BBC TV Centre conversion, Intercontinental Hotel Park Lane, London School of Economics and numerous high profile residential and office projects in the capital.
Andy Ducker, Partner at Elaghmore, said: “EAG has a first-class reputation and track record, and is known as a high-quality contractor and manufacturer, offering excellent client service. With the operational support we can provide, the business has an exciting future, with a talented workforce that has a wide range of skills, knowledge and experience in design, engineering, manufacturing and fabrication. We look forward to working closely with the EAG team to grow the business.”
Commenting on the transaction, Simon Gladwin, Managing Director, EAG, said: “This is an exciting day for EAG, as we look to build the future and increase our client base. We are excited about working with Elaghmore, whose financial backing and operational expertise will help us to expand the business and capture the growing market demand for our products and services.”