In November 2023, Acrow Formwork and Construction Services Limited (ASX: ACF) entered a Share Purchase Agreement and acquired 100% of the issued shares in MI Scaffold Access and Rigging.

Steven Boland, CEO of Acrow, noted: ”MI Scaffold is a highly attractive acquisition aligned with Acrow’s strategic plan to pursue selective growth in industrial services and enhance Acrow’s recurring revenue base and geographic footprint across Australia.”

Learn more about this acquisition here.

Acrow’s entry into the Industrial Scaffold market in October 2019, marked by the acquisition of Uni-span Australia Pty Ltd, initially focused on Queensland. Through substantial capital investments, this business has since expanded its footprint to include New South Wales, South Australia, and Tasmania. Specialising in industrial service and maintenance contracts, particularly within the Industrial, Oil, Gas, and Mining sectors, the Industrial Services division is a core pillar of Acrow.

This division adopts a solution-oriented approach, catering to the complex and sizable projects of large operators, ensuring cost-effectiveness, timeliness, and a safe working environment. Our scope of services includes equipment and skilled labour provision for commissioning, decommissioning, large-scale shutdowns, and major infrastructure projects, all while accommodating the rising project demands nationwide.