Pipe and Piling Supplies, which was acquired by Alistair Cochrane earlier this year, has walked away with a top prize from the Insider Deals and Dealmakers Awards
Glenrothes engineering firm Pipe and Piling Supplies (PPS) has scooped one of Scotland’s top business awards.
The Fife company, which is a leading manufacturer of fabricated steel, won Small/Mid-sized Deal of the Year at the 2016 Insider Deals and Dealmakers Awards.
Judges described the firm’s recent acquisition by managing director Alistair Cochrane as “an excellent example of what can be achieved with the right management.”
The panel, which was chaired by John Anderson, head of SME Engagement at Strathclyde Business School, also praised the “simple but effective” way Cochrane has taken control of the business.
PPS was acquired by Cochrane in November 2015 for an undisclosed sum in a deal backed by Clydesdale Bank.
He initially joined PPS in 2008 with a focus on expanding the business and growing profitability. Since then, turnover has risen from £1.59 million to an estimated £20 million for the current financial year.
The company supplies steel piling and overhead structures to infrastructure clients with key customers including Network Rail and Balfour Beatty.