Waco Scaffolding & Equipment a major provider of scaffolding and access equipment and services has been acquired by Safeway Services at an auction held as part of Waco’s bankruptcy proceedings.
Waco was founded in 1945 employing 320 people with eight offices in the US. The company is headquartered in Cleveland, Ohio, USA, selling, rents, erects and dismantles scaffolding and other access equipment for the construction and shipbuilding industries.
Marc Wilson, president and CEO of Safeway Services said: “Purchasing Waco is an excellent fit for Safway, The company has a long-standing reputation in the scaffolding business and many loyal customers. We look forward to working with Waco customers to demonstrate our commitment to safety, performance and customer satisfaction.”
Safway Services saw revenues of $765 million in 2010 and Waco’s revenues were $37 million, according to reports.
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