Scott Technology M&A spree delivers 62% boost in 1H profit

Wed, 03 Apr 2019

By Paul McBeth April 4 (BusinessDesk) - Scott Technology is near the end of its latest round of acquisitions, which helped boost first-half profit 62 percent. Net profit rose to $5.1 million in six months ended Feb. 28 from $3.1 million a year earlier. New businesses it bought during the past year helped drive a 65 percent increase in revenue to $111.4 million. Dunedin-based Scott has established a track record of expansion through mergers and acquisitions during the past decade, growing annual revenue to $184 million in the 2018 fin...

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