Sentio Partners has advised LDC on the sale of the business and assets of Kimberly Rentals Group to AFI. The deal further strengthens AFI’s position within the powered access equipment rental sector, bringing its annual turnover to nearly £100m and the number of machines in its rental fleet to more than 7,000.
Harrogate-based Kimberly, a leading business in the UK powered access rental market, was established in 1994. It has six depots across the UK, including London, the North West, Yorkshire and Scotland, and during 2016 saw turnover of around £13m.
David Shipman, chairman of AFI, commented: “2016 and 2017 have been significant years in the development of our growth story as we continue to build our position in the powered access equipment rental market. We are delighted to be acquiring the business and assets of Kimberly, further strengthening our offering geographically, and increasing the diversity of our rental fleet.”
“Our robust financial results for 2016 demonstrate our continued momentum as we strengthen our position as the UK’s largest independently owned powered access equipment rental, training and sales business. A strong focus on providing superior fleet availability with good customer service, has created a strong foundation for the Group to continue growing.”
Sentio’s Rory Wade and Dave Irwin advised LDC on the transaction.
