LIFTERZ acquired by SPEEDY HIRE
Context
Speedy has acquired Lifterz, a UK-based aerial lift and access equipment rental specialist, as part of an external growth strategy aimed at bolstering its position in the equipment rental market. The acquisition enables Speedy to strengthen its presence in the access segment and enhance its territorial coverage in the UK, particularly in areas where Lifterz has a strong foothold. This move is part of a broader strategy to establish a comprehensive national offering that can cater to the needs of major accounts across the entire territory. Following the acquisition, the founding family will remain involved in the operational management of Lifterz to ensure continuity in the development of the group within the expanded Speedy entity. The integration is also expected to generate commercial and operational synergies, notably through the expansion of the offering and the optimization of the existing depot network.
LIFTERZ, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Business Services sector (11.4x).
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Target
Lifterz is a UK-based company specializing in the rental of aerial work platforms and high-access equipment to professionals in the construction, industrial, and maintenance sectors. As a major regional player in Northern England, the group relies on a fleet of over 1,300 aerial lifts (scissor lifts and boom lifts) tailored to meet the unique requirements of sites demanding specialized equipment for elevated work.
Ent. Value
£10–30M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (GBP)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2019 | RAMIRENT | STAVDAL | SWEDEN | Equipment Rental |
| 04/2019 | ASHTEAD TECHNOLOGY | AQUA-TECH SOLUTIONS | UNITED STATES | Equipment Rental |
| 03/2019 | WESTBRIDGE CAPITAL | APEM GROUP | UNITED KINGDOM | Engineering & Consulting |
| 02/2019 | MISTRAS GROUP | ONSTREAM PIPELINE INSPECTION | CANADA | TIC (Testing, Inspection, Certification) |
| 12/2018 | RAMIRENT | SRV KALUSTO | FINLAND | Equipment Rental |
| 10/2018 | KILOUTOU | MICHAUD LOCATION | FRANCE | Equipment Rental |
| 10/2018 | ASHTEAD TECHNOLOGY | WELAPTEGA | CANADA | TIC (Testing, Inspection, Certification) |
| 09/2018 | UNITED RENTALS | BLUELINE RENTAL | UNITED STATES | Equipment Rental |
| 07/2018 | PLATINUM EQUITY | YAK ACCESS | UNITED STATES | Equipment Rental |
| 07/2018 | UNITED RENTALS | BAKERCORP | UNITED STATES | Equipment Rental |
REFERENCES
Valuation range: EV £10–30M
Revenue range: £5–25M
EBITDA range: £0–5M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LIFTERZ by SPEEDY HIRE are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: speedy hire