Deals

Lifco AB acquires Spinaclean

Leading expert in gutter vacuums and high-reach cleaning systems

Background

Spinaclean, headquartered in Northampton, is a well-established UK-based market leader in the design, sourcing, assembly, distribution, and sale of specialist high-quality proprietary and own-branded cleaning equipment primarily focussed on niche end-user markets. 

Deal Summary

On April 1, 2021, Lifco AB, a Swedish investment company, acquired Spinaclean Ltd, a UK-based leader in high-level cleaning equipment. Spinaclean, headquartered in Northampton, specializes in designing, assembling, and distributing vacuum cleaners and pressure washers for indoor and outdoor applications This acquisition aligns with Lifco's strategy to invest in market-leading niche businesses with potential for sustainable growth and strong cash flows. Spinaclean will be integrated into Lifco's Business Area Systems Solutions, specifically within the Environmental Technology division.

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David Browne

Provantage Corporate Finance

T: + 44 (0) 7879 431343

Andy Shepherd

Provantage Corporate Finance

T: + 44 (0) 7485 511369