mynth
03/2019

LIFTERZ acquired by SPEEDY HIRE

UNITED KINGDOM Industrial Services / Equipment Rental EV £10–30M

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)

Year
Rev
EBITDA
EBIT
2021
£5–25M
£0–5M
[members only]
2020
£5–25M
£0–5M
[members only]

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2019RAMIRENTSTAVDALSWEDENEquipment Rental
04/2019ASHTEAD TECHNOLOGYAQUA-TECH SOLUTIONSUNITED STATESEquipment Rental
03/2019WESTBRIDGE CAPITALAPEM GROUPUNITED KINGDOMEngineering & Consulting
02/2019MISTRAS GROUPONSTREAM PIPELINE INSPECTIONCANADATIC (Testing, Inspection, Certification)
12/2018RAMIRENTSRV KALUSTOFINLANDEquipment Rental
10/2018KILOUTOUMICHAUD LOCATIONFRANCEEquipment Rental
10/2018ASHTEAD TECHNOLOGYWELAPTEGACANADATIC (Testing, Inspection, Certification)
09/2018UNITED RENTALSBLUELINE RENTALUNITED STATESEquipment Rental
07/2018PLATINUM EQUITYYAK ACCESSUNITED STATESEquipment Rental
07/2018UNITED RENTALSBAKERCORPUNITED STATESEquipment 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