Mergers, acquisitions, entries and exits
BrandSafway to acquire AGF Access Group
BrandSafway has signed an agreement to acquire AGF Access Group, Inc., headquartered in L’Assomption, Quebec, with two manufacturing sites in Canada and 24 branches across North America. Focused on renting, selling and manufacturing vertical access products through its own branches and an independent dealer network, AGF Access Group provides turnkey solutions for both small-scale as well as multibillion-dollar commercial construction and refurbishment projects.
“This is an exciting opportunity for us to partner with a leader in motorized access equipment, enabling us to grow our market presence in mast climbing, suspended access solutions, elevators and building maintenance units throughout North America,” said Dave Witsken, president of Energy and Industrial at BrandSafway. “With a dedicated team of engineers, a strong distribution network, world-class manufacturing and experienced leadership, AGF Access Group will bring great value to BrandSafway. As a combined entity, we will be able to provide an even wider range of access solutions.”
AGF Access Group includes four divisions, two world-class product groups – Hydro Mobile and Winsafe – and two successful rental units – AGF Access, which includes recent acquisitions IEQ, Jamco Construction and Noxxent, and Hydro Rents.
“We’re thrilled to be joining the BrandSafway team,” said Vincent Dequoy, president of AGF Group. “We look forward to working together to leverage our complementary businesses for growth. AGF will be able to expand its mast climbing and suspended access business throughout North America and provide more services and products to existing customers as well. This is an exciting time for AGF, our employees and our customers.”
“Our combined customers in North America will benefit from specialized knowledge in vertical access, a broader range of solutions and greater depth of expertise,” agreed Witsken. “Together, we can deliver custom and highly efficient access and scaffolding solutions for commercial, infrastructure and industrial projects.”
The closing of this transaction is anticipated in early 2020.