LDC-backed Pace Group acquires Bradford Lifts Limited
Pace Group, the lift maintenance and repair specialist, has acquired Bradford Lifts Limited and Atlas Lifts & Services, expanding its footprint across Yorkshire and Scotland.
The West Midlands-headquartered business, which maintains and repairs elevators, service lifts and stairlifts has brought Shipley-based Bradford Lifts and Aberdeen-based Atlas Lifts into the group.
A spokesman said: “Both businesses specialise in elevator maintenance. Following the transactions, 25 employees will join Pace Group, deepening its expertise and experience across both regions and bringing overall headcount to 207.”
LDC, the private equity investor which is part of Lloyds Banking Group, backed Pace Group’s management team, led by directors Scott Haywood and Lukas Schlenker, in July 2024.
Since then, the group has made 17 complementary acquisitions and grown revenue by 65% from £19.3m to £32m for the year ending September 2025.
Scott Haywood, Director of Pace Group, said: “Bradford Lifts and Atlas Lifts each bring skilled teams that share our commitment to exceptional customer service and technical excellence.
“They add meaningful scale in the North and bolster our growing foothold in Scotland.”
Matt Newbold, Investment Director at LDC in the West Midlands, added: “There’s significant consolidation still to happen across UK lift maintenance, and the market fundamentals are strong – aging infrastructure, stricter regulations and rising insurance and safety obligations mean demand for specialist maintenance expertise is only increasing.”
On the Bradford Lifts acquisition, Pace Group was advised by Higgs, with Awb Charlesworth Solicitors advising the sellers.
In connection with the Atlas Lifts acquisition, Pace Group was advised by Higgs LLP and Altius Group, with Gunner Cook advising the sellers.