Partner Article

LSG Industrials acquires Oswald Record

LSG Industrials (LSGI), an industrial investment group, has announced it has acquired 100 per cent of Oswald Record, a nationwide construction plant sales and services company.

Following LSGI’s acquisition, Oswald Record, which has five depots across the UK including a head office in Chesterfield, will be able to grow its well established business further by increasing profitability and expanding its customer base nationally.

This acquisition will allow LSGI to introduce marketing tools to help assist company growth, implement a new distribution agreement, offer incentive schemes for employees and, in the long term, recruit additional staff.

Commenting on the announcement, Malcolm Bowers, Chairman of LSGI, believes that LSGI’s involvement will help drive Oswald Record’s growth in the future:

“Following the retirement of Anthony Record, it made sense for LSGI to acquire the company allowing us to apply our industry expertise and support its growth. By introducing simple measures like new distribution agreements and marketing tools, we believe that we can sustain and expand on the company’s 90 plus years’ successful trading history. We see Oswald Record as an ambitious organisation growing into one of the leading players in the UK’s construction plant market.”

Frank Iszard has been appointed by LSGI as commercial director for the company to oversee all trading activity as well as developing existing and new dealership relationships. Frank joins the company with a strong background in construction plant having spent time with HSS, Hewden, and currently Leach Lewis where he serves as UK and Ireland sales and operations manager.

Anthony Record, retiring managing director and majority shareholder of Oswald Record, has welcomed the acquisition:

“It was important for me to leave the business in suitable hands that would value what the company has achieved to date and allow the potential growth of the firm. LSGI’s involvement will help the business achieve its goals to expand the Oswald Record’s brand presence and operations across the UK.”

Oswald Record approached LSGI on the basis of its successful track record of being recognised as a strategic value investor in the industrial market. This acquisition will bolster LSGI’s current portfolio of investments in industrial based and heavy plant businesses across the UK.

Oswald Record has five branches across the UK. These include: Manchester, Chesterfield, Stirlingshire, Birmingham and London.

LSGI aims to build a portfolio of sector specific investments in businesses that have a service, industrial and sales theme and which also have the potential to create synergistic value across the wider portfolio of investments. New start-ups, management buy outs, management buy ins, outright purchases and rescues are part of the strategy for growth at LSGI.

This was posted in Bdaily's Members' News section by Admiral PR .