Elaghmore, a UK-based private equity fund, has acquired one of Europe’s leading visual communication experts, Concept Group Limited (Concept), a provider distinctive sign and large format LED solutions using traditional, bespoke and digital signage.
Customers include some of the world’s largest Out of Home advertising companies, including Global Media Group, Open Media, and JCDecaux.
Birmingham-based Concept will become part of the Hexcite Group which Elaghmore created in 2019. The Hexcite Group provides specialist signage design, manufacturing, installation and vital aftercare services to leading retailers and brand owners The Hexcite Group includes Blaze Signs which has substantial signage manufacturing capability out of its sites in Broadstairs and Birmingham. Blaze designs, manufactures and installs high-quality signage for well-known brands, including The Gym Group, Vision Express, Tesco and Sainsburys. Hexcite also includes Cygnia Maintenance Ltd which is the UK’s largest and leading provider of sign maintenance, sign repairs and image protection services.
Concept will continue to be run by Managing Director, Sean Morrough and Director, Dave Neale, with the company reporting to Wes Mulligan, CEO of Hexcite Group. Concept’s 18-strong workforce will become part of Hexcite Group.
Concept is the twelfth acquisition made by Elaghmore from its investment funds worth £100 million.
