Hydroscand UK Announces the Acquisition of two companies for 2024: Yorkshire Hose & Fittings Limited and Leicester Hose & Hydraulics Limited
09 Jan 2024
Hydroscand Acquisition of Leicester Hose & Hydraulics Limited
Established in 2004, and located in the heart of Leicester, Leicester Hose & Hydraulics Ltd serves customers a range of industries in the local and surrounding areas. With over 25 years’ experience within the hydraulics industry they have a strong reputation for excellent service and having access to an extensive range of products. This acquisition was initiated by the owners’ succession planning. The transaction, which was completed on 31st December 2023, is highly complementary and strategically beneficial. Leicester Hose & Hydraulics adds a further trade counter for Hydroscand in the midlands, fitting between our existing locations in Nottingham and Birmingham. Leicester Hose & Hydraulics’ founder Gary Brooks will work with Rebecca Galley, Hydroscand’s Managing Director in the UK, to achieve its successful integration into the Group.
Photo: Leicester Hose & Hydraulics Team
Rebecca Galley commented, “We are really pleased to welcome Leicester Hose & Hydraulics to the Hydroscand Group – our shared expertise and commitment to our customers makes this an obvious and complementary partnership. Leicester Hose & Hydraulics is a highly successful company, which has gone from strength to strength in recent years. Together, we will increase our offering and extend our mobile hose repair service in Leicester and the surrounding area, meaning we can offer even more to our customers.”
Gary Brooks added, “After 20 successful years of LHH, we are very excited to start a new era joining the Hydroscand team, this partnership will ensure that we will continue to be the number one supplier in the Leicester and surrounding areas.”
This is Hydroscand’s first investment for 2024 and is an example of the firm’s expertise in supporting the transition of businesses from founders, families, and long-term private owners to new custodians. Hydroscand is a highly successful international business, and the UK is an important market. The firm continues to seek further acquisition opportunities for hose and fittings and mobile hose repair businesses.
Hydroscand Ltd Acquisition of Yorkshire Hose & Fittings Limited
Established in Doncaster in 1992, Yorkshire Hose & Fittings has built a strong reputation for customer service. Originally focused on the local mining industry, the business has diversified to serve customers in a variety of industries locally. This acquisition was initiated by the owners’ succession planning. This transaction, which was completed on 31st December 2023, is another complementary and strategically beneficial addition to Hydroscand’s UK business. Yorkshire Hose & Fittings, a long standing customer of Hydroscand, adds a further trade counter for Hydroscand. It provides a base for HoseExpress mobile hose replacement business to expand into the South Yorkshire area.
Photo: Yorkshire Hose & Fittings Trade Counter
Yorkshire Hose & Fittings founder Paul Jeffs will leave the company immediately. Scott Kennedy will remain with the business and support its development and integration over the coming months.
Rebecca Galley commented: “We are very happy that Yorkshire Hose & Fittings will become part of Hydroscand Group. As a long-standing customer, we already have an excellent working relationship with Scott, and I am very much looking forward to building the business together in Doncaster and the surrounding area.”
Paul Jeffs added: “It seems like only yesterday that Yorkshire Hose and Fittings was founded by Ian Gambles and myself. Scott joined us in 1995 and has been an integral part of the company ever since. Having dealt with Hydroscand for many years, I am happy in the knowledge that YHF will go from strength to strength under their control. I wish them all the very best.”