Grant Thornton advises Lifting Gear UK Group Limited Lifting Gear UK Group Limited has been sold to Axel Johnson International

December 2021
Lifting Gear UK Group Limited
Adviser to Lifting Gear UK Group Limited on their sale to Axel Johnson International
Grant Thornton team
  • Usman Malik
    Usman Malik
    Head of Business services, Corporate Finance Advisory
Business support services
Sell side
Corporate finance
Flag of the United Kingdom

We are delighted to have advised Lifting Gear UK Group Limited on their sale to Axel Johnson International.

Lifting Gear UK Group ('the Group') is an integrated service provider of complete lifting and handling solutions to its customers. Since inception, the Group has grown to become one of the most trusted lifting equipment providers in the UK.

The shareholders wanted to realise the value they had built within the business, and engaged us to act as lead advisers on the sale of the business.

We leveraged our significant market knowledge and contacts within the equipment rental sector to identify the most relevant buyers for the business. This unlocked maximum value for the shareholders, whilst finding the right strategic partner for the management team going forwards.

We spent time to understand how the Group operates and demonstrate its significant advantages over its competitors, thereby achieving a strategic premium on value. We also executed a competitive process, whilst being sensitive to certain customers and suppliers within the potential buyer pool.

We prepared a comprehensive buyer list and identified Axel Johnson as an excellent fit for the Group, both operationally and culturally, who were eventually chosen as the preferred acquirer.

We led the detailed negotiations, project managed various diligence streams and advised on the key commercial terms of the transaction, to ultimately secure a fantastic deal for our client.

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