Business Sale Strengthens HSS Hire’s Market Position
HSS Hire, a leading national supplier of tools, equipment, and related services, has announced the acquisition of Abird Generator Hire, one of the UK’s foremost diesel-electric generator hire companies.
This strategic business sale will enhance HSS Hire’s existing capabilities, allowing it to offer a broader range of high-capacity and specialist generators. The move positions HSS Hire to provide a more comprehensive service in the growing market for temporary power solutions.
The acquisition comes on the heels of a significant investment from Exponent Private Equity, which replaced previous owners Och-Ziff and Aurigo last month. This infusion of capital supports HSS Hire’s expansion across the UK with a focus on improving local service. Over the past four years, HSS Hire has demonstrated steady growth, reporting sales of £180.3 million last year, reflecting a 5% increase from the previous year, with profits reaching £39.9 million.
Acquisition Unlocks New Growth Opportunities
The acquisition of Abird Generator Hire is supported by its senior management team, led by Managing Director Chris Anspack. This transition enables Abird to leverage HSS Hire’s extensive resources while continuing to operate under its own brand. With seven depots across England and Wales and a workforce of 60 employees, Abird Generator Hire is well-positioned to build on its 50-year legacy and expand its market share.
Chris Anspack expressed enthusiasm for the acquisition, stating, “Today’s announcement marks a major milestone in our company’s journey. We explored various options to sustain our business growth, and joining HSS Hire provides an excellent opportunity to access new investment and accelerate our expansion.”
Chris Davies, CEO of HSS Hire, echoed these sentiments, emphasizing that the deal aligns with HSS Hire’s mission to offer an unrivaled hire experience. “Abird Generator Hire’s impressive track record, quality service, and strong customer base make it a valuable addition to our group,” he said.
Planned Exit: Abird and Apex Join CES Power LLC
In April 2024, CES Power LLC, a Tennessee-based global leader in mobile power and technology solutions, acquired UK-based Abird Limited and Apex Generators Limited from HSS Hire Group Plc. This acquisition, made through CES Global LLC, reinforces CES Power’s expansion into the UK and Ireland while accelerating its European presence.
With the support of Allied Industrial Partners, CES Power continues its rapid growth, marking its 11th acquisition since 2021. Abird and Apex will now operate under CES Global, with Ailsa Webb appointed as Managing Director, Europe. The integration of Abird’s portable power fleet and remote management technology further strengthens CES Power’s leadership in engineered power, HVAC, and technology solutions.
Further Completed M&A Deals – First National Plant Rental acquired by Ian Bowland Associates
