New backer for SCX Special Projects
3 April 2020Sheffield, UK-based crane and engineering specialist SCX Special Projects has been acquired and invested in by Elysian Capital II LP, in conjunction with management.
SCX Special Projects was founded in 1992 and provides material handling systems, including bespoke cranes for a range of projects, for customers ranging from the Royal Navy to the nuclear power industry.
Other flagship projects have included the recent installation of the retractable roof at both the Centre Court and Number One Court at the tennis grounds of Wimbledon, and the world’s first retractable pitch at Premier League football club Tottenham Hotspur’s new stadium.
CEO Andy Whitworth said: “We are very excited about the next phase of SCX Special Projects. Our growing reputation, helped by recent high-profile projects, has generated significant enquiries especially from overseas, a market we have only recently started to develop.
“The support of Elysian Capital will allow us to take advantage of the international opportunities that we are now seeing.”
Simon Eastwood, retiring chairman of SCX Special Projects, said: “Having worked with Andy since 1992 and seen the development of SCX into a world leading materials handling and kinetic architecture business, I am delighted to have found a partner who can help take the business to the next level and, as a continuing shareholder, look forward to its future success.”
James Cunningham, partner at Elysian Capital, said: ‘With its recent flagship kinetic architecture projects at Tottenham and Wimbledon and its longstanding leading position in bespoke materials handling in the nuclear, aerospace and defence markets, SCX Special Projects has demonstrated the quality of its design and engineering work. We are delighted to be working with Andy and his team to take the business forward in the UK and internationally.”
