Aberdeen based ANM Group (Aberdeen and Northern Marts) has concluded the purchase of Glasgow based Sweeney Kincaid. Sweeney Kincaid which was established in 1991 is located in the Hillington Business Park, Glasgow. It is a leading provider of auction and valuation services of industrial, commercial, and business assets, vehicles and equipment.
Sweeney Kincaid will become a subsidiary of ANM Group, retaining all its employees. Managing Director, Russell Kincaid, will continue in his role. The acquisition of the business is seen as a key opportunity for the Aberdeen based business to open more diverse routes to market in, and from, the central belt, across the south of Scotland and the north of England.
The acquisition includes a six acre purpose built auction centre at Hillington, Glasgow, with 6000 sq. ft. of buildings and modular office space.
The move is welcomed by Chief Executive of ANM Group, Grant Rogerson, who said that he was thrilled to have made such an exciting acquisition the Group. He added, “Sweeney Kincaid brings a wealth of experience and trading knowledge within the Industrial Asset Sector across the UK. This along with their industry leading technology will be beneficial to the Group and bring a range of exciting opportunities for our business, and in turn will benefit our members and customers.
“Opening up new markets, new technologies and innovating to improve the customer experience are long term projects for the Group alongside cementing our leading position in the north east.
“ANM Group has been innovating and the foremost livestock and commercial auctioneers for over 150 years, continually leading the field in providing the best options and routes to market in the country. The purchase demonstrates the strength of ANM, and builds on the stability of the Group, further securing our long-term ambitions and industry leadership.”
Enthusiasm for the acquisition was echoed by Russell Kincaid, Managing Director of Sweeney Kincaid. He commented: “We’re excited to be joining the ANM Group. The union of Sweeney Kincaid Ltd and ANM brings together two industry leaders, combining their strengths and resources to create a powerhouse in the Industrial Auction and Business Asset Valuation sector, now the largest in Scotland.
“This strategic move not only strengthens our market position but also enhances our ability to take on the largest assignments, showcasing our commitment to delivering exceptional results to clients both current and new, and we look forward to growing our business as part of the ANM Group.”
