Hi-Point Access Expands with Acquisition and Funding Boost
Deal News | Apr 25, 2025 | Mercia Fund Management (Mercia Ventures)
Hi-Point Access, a leading scaffolding firm in Sheffield, has secured a £250,000 investment from the Northern Powerhouse Investment Fund II (NPIF II) through Mercia Debt Finance. Managed by Mercia Ventures, the funding aims to bolster Hi-Point’s growth following its strategic acquisition of Barnsley-based Gap Scaffolding Services. The acquisition not only expands Hi-Point's presence in Yorkshire but also safeguards jobs at Gap Scaffolding. Under the leadership of the second generation of the founding Blantern family, Hi-Point has witnessed significant turnover growth and now serves a wide range of clients, including local councils and universities. The firm intends to utilize the fresh capital for new projects and equipment, driving further expansion in Yorkshire and beyond. The move is seen as a strategic milestone for Hi-Point, underlining its importance in the region's cultural and economic fabric.
Sectors
- Construction Services
- Finance
Geography
- United Kingdom – Hi-Point Access and Gap Scaffolding Services are both based in the UK, specifically operating in Yorkshire and expanding their regional footprint.
Industry
- Construction Services – Involves companies that provide scaffolding, building maintenance, and related services, which is the core operation of the target company, Hi-Point Access.
- Finance – Relates to the financial transaction involved in the funding from Mercia Ventures and Northern Powerhouse Investment Fund II.
Financials
- 250,000 – Funding amount provided by the Northern Powerhouse Investment Fund II through Mercia Debt Finance to Hi-Point Access.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hi-Point Access | Target Company | Company | A prominent scaffolding firm in Sheffield that has acquired Gap Scaffolding Services. |
| Gap Scaffolding Services | Acquired Company | Company | A scaffolding service provider based in Barnsley acquired by Hi-Point Access. |
| Mercia Ventures | PE Firm | Company | Manages the Mercia Debt Finance, part of the Northern Powerhouse Investment Fund II, which is providing funding to Hi-Point Access. |
| Northern Powerhouse Investment Fund II (NPIF II) | Funding Provider | Company | Provides funding to promote economic growth across the North of England by supporting businesses like Hi-Point Access. |
| Hentons Corporate Finance | Corporate Advisor | Company | Advised Hi-Point Access on the acquisition of Gap Scaffolding Services. |
| Lloyds Bank | Introducer | Company | Introduced Mercia Ventures to Hi-Point Access for the funding deal. |
| Steve Blantern | Co-Founder | Person | Co-founder of Hi-Point Access, now managed by his children and in-laws. |
| Chris Blantern | Co-Founder | Person | Co-founder of Hi-Point Access. |
| Steve Griffiths | Founder of Gap Scaffolding | Person | Founder of Gap Scaffolding Services, securing an exit with the company's acquisition. |