Acquisition: Statom Group
Statom Group Limited (Statom Group) has taken a significant step towards sustained growth and enhancement of foothold in the construction sector with the acquisition of Trident Lifting Solutions in December 2023.
Headquartered in West Thurrock, Essex, Statom Group is a leading independent and experienced construction business, providing specialist solutions for remediation, groundworks and RC frames across the country. The business has been trusted to deliver residential and commercial groundworks projects, concrete substructures and superstructures.
Harrow-based Trident Lifting Solutions is a leading tower crane hire specialist, holding exclusive UK dealership rights for Comansa tower crane.
Crowe's role and team
Crowe provided buy-side financial and tax due diligence, alongside buy-side advice and support. Financial due diligence was led by Dan Nixon, who was supported by Ioanna-Maria Kasinou, Sacha Alam and Jon Pena. Buy-side advice and support was led by Matteo Timpani. Tax due diligence team led by Emma Reynolds, who was supported by Elli-ann Tebutt.
Client quote
"The financial and tax due diligence work, as well as buy-side advice and support provided by Crowe was pivotal in completing this strategic acquisition."
Edward Nixon, CFO, Statom Group Limited
