LDC-backed Pace Group buys Ideal Lifts Services in South West push
Bitget2026/09/29 09:00- LDC-backed Pace Group acquired Ideal Lifts Services, Elevators Ltd, and City Lift Services to expand its UK lift maintenance platform.
- Deal gives Pace its first operating base in South West England via Ideal Lifts Services in Okehampton, Devon.
- Acquisitions add 2,000 units, lifting the group’s portfolio to about 15,000; headcount rises by 30 to about 240.
- Since LDC’s July 2024 investment, Pace has completed 20 acquisitions; revenue has increased from about GBP 19 million to about GBP 40 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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