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Diamond Scaffold Services Retains M&A Specialist, SC&H Capital

January 30, 2023, 07:10 AM
Filed Under: Industry News

Diamond Scaffold Services, a scaffolding rental company with locations in the southern United States, has retained SC&H Capital to run the bankruptcy court-approved sale process for the Company.
Founded over 20 years ago, DSS is a provider of ringlock, cuplock, shoring, and frame scaffold systems to customers spanning numerous industries, including Fortune 500 companies and large government contractors. The Company is an authorized distributor of a wide variety of scaffold components and boasts an infrastructure capable of shipping anywhere in the continental United States within 48 hours.  Additionally, on a contract-by-contract basis, Diamond is able to provide labor to accompany its rented scaffolding.

Jewell Sumrall, President of DSS, stated “Like so many other companies, we were not immune to Covid-related challenges and while our business is strong, we need to restructure the Company to ensure we are able to continue serving our customers at the highest level. We are excited to see what options are available for us to consider as part of this process.”

Matt LoCascio, Principal at SC&H Capital, said, “Jewell is still doing what he does best: selling, and the pipeline is strong. The Company is well-positioned for the future with a seasoned management team and solid workforce. We are excited to work with such a great group and obtain the best solution for all stakeholders.”

Mr. Sumrall added, “We have retained SC&H Capital to ensure all options are explored that will allow the Company to be properly capitalized and well positioned to continue our growth strategy.”

Court filings show a bid deadline of February 24, 2023, followed by an auction on March 1, 2023, for only those groups that are deemed qualified bidders.

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