News
LDC-backed The Pace Group completes double acquisition to accelerate UK expansion
14 Nov 2025
LDC-backed The Pace Group, the lift maintenance and repair specialist, has acquired two complementary businesses in the North East and South East, further strengthening its presence across the UK.
The West Midlands-headquartered business, which maintains and repairs elevators, service lifts and stairlifts to improve their safety, performance and lifespan, has brought Gateshead-based Exel Elevator and Kent-based The Lift Company & DJ Lifts into the Group.
These transactions mark the latest development in The Pace Group’s ambitious growth strategy, enhancing its service capability, deepening its collective expertise and experience, and expanding its geographic reach. Following the two acquisitions, the Group now maintains around 13,000 units and services around 5,000 customers nationwide.
Since LDC’s investment in July 2024, The Pace Group has now made ten complementary acquisitions. In September 2024, it announced the acquisitions of Metro Lifts, Elevate UK Lifts, Elevator Group, A1 Lifts and Lift Control, and in April 2025, it announced three further acquisitions: Abacus Elevators, Total Lift Care and Bourne Lifts.
Scott Haywood, Director of The Pace Group, said: “We’re very happy to welcome Exel Elevator and The Lift Company & DJ Lifts to the Pace family. Bringing them into the fold is an important step in our journey to build a premier national elevator maintenance business capable of meeting the evolving needs of customers across the UK. They bolster our presence in both the North East and South East, adding quality teams that share our commitment to excellent customer service.”
With LDC’s support, we’re building momentum and continue to see exciting opportunities ahead as we expand our national coverage.”
Matt Newbold, Investment Director at LDC in the West Midlands, added: “The Pace Group’s management team, led by Scott and Lukas, continues to deliver against its vision with impressive execution, completing 10 value-enhancing acquisitions since our partnership began. Each transaction strengthens the Group’s market position and capabilities, and we are excited to continue supporting Scott and Lukas’ growth ambitions as they build a group of brands with significant scale and reach.”
The Pace Group was advised by Higgs LLP.
