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 LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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.
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Historical Financials (GBP)
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REFERENCES
Valuation range: EV 10M - 30M GBP
Revenue range: 5M - 25M GBP
EBITDA range: 0M - 5M GBP
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: speedy hire