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Wed June 19 2024

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Investment house builds plant hire interest

27 Jul 11 Private equity house Leoni Sceti Group (LSG) has added a crane hire business to its portfolio, alongside a powered access company that it bought into last year.

Patrick Leoni Sceti
Patrick Leoni Sceti

London-based LSG has invested more than £500,000 into Darlington-based MSD Cranes as part of a refinancing of the company. MSD hopes to use the funds to help grow annual turnover from £2m to £5m by 2015.

LSG founder and CEO Patrick Leoni Sceti becomes finance director of MSD.

In February 2010 LSG took a minority stake in Wakefield-based access hire company Lifterz, with Mr Leoni Sceti becoming finance director there also.

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