Severfield acquires Yorkshire-based DAM Structures
Severfield has acquired DAM Structures, paying £12M for the business with another £7M payable next year.
DAM Structures is a Yorkshire-based steelwork contractor that designs, manufactures and erects structures for the early-stage construction and rail electrification sectors.
The company’s manufacturing capabilities include both temporary and permanent works, ranging from plunge columns, plated beams, box sections, tower crane grillages, small and large diameter propping works, façade retention towers, portal-framed structures, mezzanine floors, heavy duty stairs and minor bridges.
It operates from its bespoke premises in Carnaby and can currently process up to 300t of structural steelwork per week for distribution across the UK. DAM Structures currently has 76 employees.
Commenting on the acquisition, Severfield Chief Executive Alan Dunsmore said: “This is a very exciting, highly complementary acquisition which will help the Group continue to deliver on its strategic growth objectives.
“DAM Structures will provide us with access to existing and new customers earlier in the construction process as well as access to new market sectors with strong growth potential including the growing rail electrification sector. DAM Structures has an established client base and proven track record of delivering quality services and will fit in well with the Severfield culture and team.”