The Pace Group is a group of brands that maintain and repairs elevators, service lifts and stairlifts to improve their safety, performance and lifespan. The group has over 20 brands in its portfolio including Deltron, Bradford Lifts Limited and Ideal Lifts Services Limited.
Based in Dudley, it employs c.240 people and maintains ~15,000 units across the UK, with around 5,000 customers across the public and private sectors, including associations, local authorities, hospitals and property and facilities management firms.
Rising to new heights
In July 2024, LDC backed The Pace Group’s existing management team, led by Directors Scott Haywood and Lukas Schlenker, with a minority investment to support the business’ ambitious growth strategy.
LDC’s investment and strategic support will help the team to accelerate an ambitious growth strategy underpinned by investment in its market-leading services and complementary acquisitions.
We were really impressed by the team at LDC. Their experience supporting businesses just like ours here in the West Midlands, and their ability to continue to invest to support our growth ambitions, makes them the perfect partner as we look to scale. For us, it’s business as usual, but now with an expanded team and even more experience on board.”
Ambitious growth
Since LDC’s investment, The Pace Group has completed 20 complementary acquisitions and more than doubled revenue from c.£19m to c.£40m. These acquisitions have expanded the Group’s reach and deepened its collective expertise and experience, bringing the overall headcount to more than 240.
In October 2026, Pace Group won the Medium category at the UK Private Capital Vision 2026 Awards for the East and West Midlands. The business was recognised for its active buy-and-build strategy, strong ESG credentials and continued business development.
Related News
Awards
Medium Category
UK Private Capital Vision 2026 Awards for the East and West Midlands
Lukas Schlenker – UK Regional Finalist
EY Entrepreneur Of The Year™ 2026
Deal of the Year (£10m- £50m)
Insider Midlands Dealmakers Awards 2025