Further acquisitions by the Pace Group

The British Pace Holding announced another acquisition. Exel Elevator, The Lift Company and D.J. Lift Services are now part of the group of medium-sized lift companies. Further acquisitions are to follow.

by Bernd Lorenz

Founders and owners of the Pace Group: Scott Haywood (right) and Lukas Schlenker. Photo: © Pace Group

Last summer there were seven. Now there are 21. But that's not all. ‘We want the Pace Group to cover the whole of the United Kingdom. Our goal is to be represented by companies in many towns and cities in England, Scotland, Wales and Ireland,’ says Scott Haywood.

The 39-year-old is one of the founders and owners of Pace Group Holding Limited, alongside Lukas Schlenker.

The members of the group employ over 200 people. They maintain more than 14,000 lift systems. According to Pace, turnover is £32 million (equivalent to around €36.9 million). By the end of the financial year ending 30 September 2026, the target is to reach the £40 million mark (approximately €46.1 million).

Increased staffing levels

In order to serve the growing number of companies, the Pace Group has recently increased its staff. Rene Virgo is Chief Financial Officer. Paul Tucknott has been appointed Chief Operating Officer. Aimee Flude has taken up her position as Head of Business Development.

Tom Bray supports managing directors Scott Haywood and Lukas Schlenker in their day-to-day business. ‘I work with them to build the brand, maintain the company's image and liaise with our stakeholders and partners,’ says the Head of Commercial & Corporate Affairs, listing some of his responsibilities.

Pace Group

The Pace Group currently comprises a total of 19 companies. These are (in alphabetical order): A1 Lifts, Abacus Elevators, Axess2, Balmatic Lifts, Bourne Lifts – Lift Maintenance, Deltron Lifts, Deltron Lifts Coastal, D.J. Lift Services, Dolphin Lifts Midlands, Elevate UK Lifts, Exel Elevator, Husbands Lifts, Lift Control, Lift Services UK, Metro Lifts, Quadrant Lifts, Specialist Life Services, The Elevator Group, The Lift Company, TLC Total Lift Care and Qudos Lifts.

The financier is Lloyds Development Capital (LDC). The private investment company, which belongs to the listed Lloyds Banking Group, holds a minority stake in Deltron – the nucleus of the Pace Group. With its financial commitment, LDC aims to support the growth strategy of the British lift association.

More informations: thepacegroup.co.uk