31 July 2024
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Addleshaw Goddard advises Hillhouse Group on acquisition of Skene Group Construction Services

Hillhouse Group, one of the largest independent suppliers of quarry materials in Scotland, has reinforced its position as a leader in its sector by acquiring Skene Group Construction Services Ltd.

The deal will see Skene Group brought into Hillhouse Group with both companies continuing to provide a diverse range of high-quality services to the construction sector. The new, expanded business will total almost 400 people.

Established in 1907 in Troon, Hillhouse Group has grown to be one of Scotland’s leading suppliers of asphalt, aggregates and concrete products. The business also provides road surfacing, highway maintenance, civil engineering and operated plant hire services.

Hillhouse Group operates six sites in Central and Southwest Scotland, with Fife-headquartered Skene Group, founded in 1968, having around 100 people across four sites.

The Addleshaw Goddard team advising on the deal was led by Anna Brown and included Sarah Dick, Heather Gibson, Carrie Armstrong, Mark Stevenson, Katherine Golding, Antonia Scott, Gaenor Cassell, Rachel Fisher and Poppy Corr.

Anna Brown said: "It is not often you see a transaction of this type, with a third-generation family business acquiring a second-generation one, and the result will be fantastically strong Scottish business with a presence in both the east and west of the country. We are delighted to have been part of the Hillhouse Team on this exciting transaction, which we believe will see the combined Hillhouse and Skene businesses enjoy accelerated growth."

Robert McNaughton, CEO of Hillhouse Group said: "Anna Brown and the team at Addleshaw Goddard have been an invaluable support to us in sealing this transformational deal. They understood just how important this transaction is to our business, and their experience, commercial approach and ability to work seamlessly with our team has been greatly appreciated.

"Hillhouse Group and Skene Group Construction Services Ltd are strikingly similar in a variety of ways; family businesses founded in Scotland, with strong community roots, shared values and aspirations to deliver excellent services to the construction sector."

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