HSS Hire Services, one of the United Kingdom’s largest equipment rental companies, has acquired Apex, a Scottish rental company, from owners Nevis Capital.
The acquisition will support HSS’ existing specialist power division, which includes its Abird business. It enables the division to cover a wider territory and gives both Abird and Apex greater ability to fulfill national power solution contracts.
Apex Generators has a strong market position throughout Scotland as an experienced generator hire specialist with a customer base in construction, home-building, events, industrial, marine and offshore sectors. HSS plans to retain the Apex brand and invest in the business, including the installation of its “RFM Smart Equipment” technology on the Apex fleet.
“The addition of Apex to the HSS Group is another solid step in the growth of our company as we continue to increase our presence in existing markets and expand into new ones throughout the U.K. and Ireland,” said Chris Davies, CEO of HSS Hire. “It supports our existing power solutions capabilities, bolstering our specialist Abird power business and further enhancing our position as a trusted partner and service leader in the tools and equipment rental, outsourcing and services sector.”
“This is the start of an exciting new chapter for our business,” added Robert Gibson, manager of Apex. “With the support of the HSS Hire Group, we will be able to make further investment in our fleet, grow our network and deliver our excellent service levels to customers on a more national basis, whilst still retaining the specialist nature of our brand.”
The transaction is the latest in a series of acquisitions by HSS Hire:
- November 2013: Acquired TecServ, specialist asset management service provider for companies operating in the cleaning sector;
- September 2013: Acquired the Irish division of Mobile Traffic Solutions, specialist provider of traffic management equipment, from Dublin-based Rennick’s Group;
- June 2013: Acquired UK Platforms, powered access specialist from Haulotte Group;
- October 2012: Acquired Abird Generator Hire, one of the U.K.’s leading diesel electric generator hire companies.
HSS Hire is headquartered in London.