Troy is delighted to announce the acquisition of Scott Direct Ltd to support its UK growth strategy.
Scott Direct is a complete supplier to the industrial & trade markets, offering customers a comprehensive range of quality products including hand and power tools, protective clothing, PPE, safety equipment, hygiene and janitorial supplies, workwear, corporate branded garments, MRO & engineering consumables.
Troy, the largest independent network for industrial and engineering supplies in the UK, is headed up by Paul Kilbride, CEO. Paul commented;
“ Scott Direct has been a Troy member for many years and there has been a close connection to the family throughout that time. With shared core values, Scott Direct is a great fit for the Troy Invested-in member Group. Troy is a family business that supports family businesses and our vertical integration strategy is just one of the avenues offered as part of the Group to ensure that we support our independent membership and keep the independent marketplace strong. We know how much independent businesses are valued in their communities and by the businesses that trade with them, and our aim Is to help those businesses to grow with investment, without losing the knowledge, passion and levels of customer service that only an independent business can provide.”
Chris Taylor, CFO of Troy said,
“Scotland is an important region for us and the acquisition of Scott Direct strengthens our position as a supplier to the industrial and trade markets. Scott Direct have built a leading business and the acquisition is a natural fit with the Troy group – providing complementary product portfolios and markets along with an excellent team.”
The Troy Group has invested in 18 businesses throughout the UK over the last 5 years, serving a wide and diverse customer base across many sectors, providing broad-line industrial consumables and PPE, Precision Cutting Tools and state of the art VMI and supply chain management solutions. It received a £15.5 million investment from BGF in 2023 to support its ambitious growth plans.
Norman Scott, shareholder for Scott Direct said,
“I am delighted we have concluded the sale of Scott Direct Ltd to the Troy Group. This deal will drive further growth for Scott Direct and build on the successes achieved by our experienced team who all stay in position to take the business forward. I wish them every future success.”
Rob Sayles, Managing Director of Scott Direct said,
“Joining forces with the Troy Group will allow Scott Direct to continue building on our past success and provide a strong foundation to fuel our future ambitions for the business.”
Financial advisors to this deal were Dains (Rob Wilson, Trystan Shaw) with legal advice from Gateley Legal (Mark Rutherford, Sophie Cahalin, Anna Mayfield, Alicia Bradburn), Shawbrook Bank (Andy Sutton, Steve Armstrong), Freeths (James Dyson), Gunnercooke (Rob Fawkes), Gillespie Macandrew (Kennith Irons, Arlene Taylor) and BTO (Emma Barclay).