We are delighted to have advised Lifterz Holdings Limited on their sale to Speedy Hire plc.
Lifterz Holdings Limited (Lifterz) was established in 2007 and has become one of the UK’s largest suppliers of powered access equipment, with depots from Scotland to North London providing new and used equipment sales, hire services and accredited training, backed by LSG Group (LSG). The shareholders of Lifterz were approached by Speedy Hire Plc (Speedy) with an offer to acquire 100% of the business.
The shareholders of Lifterz appointed us to provide corporate finance advisory services. The team was responsible for negotiating the detail of the outline agreed deal and for project managing the deal through the due diligence process to completion.
We negotiated the details of the outline agreement between Lifterz and Speedy in order to maximise and protect shareholder value while leading an efficient due diligence process through to completion.
It was a pleasure working with Grant Thornton, who provided quality advice and service throughout the process. Richard and his team provided commercial input on key negotiation points and ran a smooth process through to completion, helping to negotiate a number of deal complications along the way. We are grateful to them for their hard work and commitment in getting this deal across the line.Malcolm Bower Managing Director, Lifterz Holdings Limited