Scaffolding and industrial access solutions company Acrow has strengthened its position in the Australian market by acquiring two prominent businesses — Brand Australia and Above Scaffolding — in a move the firm says will significantly boost its Industrial Access division.
The acquisitions, worth an upfront total of $23 million, mark a key step in Acrow’s growth strategy, bringing in a new portfolio of blue-chip clients, expanding services, and deepening its geographical reach across New South Wales, particularly in the Hunter Valley and Greater Sydney regions.
Acrow CEO Steven Boland described the move as a “highly attractive” opportunity and a continuation of the company’s broader expansion plans.
“These are two strong, complementary businesses that enhance our presence in the important NSW market,” said Mr Boland. “We are excited by the prospects they bring, including immediate earnings benefits and long-term growth potential.”
High-Profile Clients and Complex Projects
Brand Australia, previously owned by global industrial services giant BrandSafway, has a strong foothold in the power generation and resources sectors, with operations centred around the Hunter Valley and a small presence in Gladstone.
Above Scaffolding, meanwhile, has built a reputation for engineering high-end access solutions for infrastructure, defence, and industrial clients.
Above’s clients include Transport for NSW, Thales, and Sydney Water, with ongoing work on the Sydney Harbour Bridge expected to drive revenue growth over the next two years.
“These are iconic projects and demonstrate the technical capability and reputation of Above Scaffolding,” said Mr Boland. “Together, these acquisitions are not only a strong cultural fit for Acrow, but they also present a range of integration and growth opportunities.”
Financial Impact and Outlook
The two new businesses are expected to bring in around $40 million in revenue and at least $6 million in profit by the 2026 financial year.
Acrow says the acquisitions were made at a good value and will be paid for using its existing loan facility with Westpac. The company also said that some of its projects have been delayed, affecting its 2025 results. However, it remains confident about the future, with many promising projects in the pipeline.
Both acquisitions are set to be completed and take effect from 1 May 2025.
About the Businesses
Brand Australia will be acquired through a share sale agreement, with Acrow securing all local assets and operations. A transitional services agreement will ensure a smooth integration, with continued access to the BrandSafway name during the transition.
Above Scaffolding, established in 1995, brings with it a legacy of complex engineering and access expertise, leveraging systems such as Layher and Skyclimber. Its project portfolio includes the Sydney Opera House and the Barangaroo precinct.
“This is a significant milestone for Acrow,” Mr Boland added. “We welcome the teams from Brand Australia and Above Scaffolding into the Acrow family as we move forward into an exciting new chapter of growth.”
