The Construction Index has reported that Scaffolding firm Altrad Beaver 84 has acquired Star Events Group for a seven figure sum.
Star Events Group supplies temporary structures, staging and rigging services to the events sector, a market that Beaver 84 had been targeting.
Star Events becomes a subsidiary of Altrad Beaver 84 but will stay based at its own Bedford premises.
Star Events director Roger Barrett said:
“For some time now we have been aware of the need for substantial investment to ensure our industry leading status. This deal puts us in a position to maintain everything that works so well within the company, coupled with the commercial strength of the Altrad Group.”
Four of Star Events’ management retain their shares in the company and get new job titles: Roger Barrett becomes special projects director; Celine Watson-Lamb is operations director; Pete Holdich is head of structures; and Jane Russen is sales & client liaison executive.
Altrad Beaver 84 managing director Steve Tysoe has taken on the role of managing director at Star Events as well. He said:
“This acquisition forms part of our growth strategy in the events sector, which already uses a number of products that are made by Altrad Group businesses. Star Events’ portfolio of ingenuity, expertise and equipment is unsurpassed and I look forward to helping the company realise its considerable contemporary ambition.”
