Add-on Acquisition • Manufacturing

Finning Acquires Hydraquip Hose & Hydraulics

On March 22, 2022, Finning acquired manufacturer Hydraquip Hose & Hydraulics for 65M GBP

Acquisition Context
  • This is Finning’s 2nd transaction in the Manufacturing sector.
  • This is Finning’s 5th largest (disclosed) transaction.
  • This is Finning’s 5th transaction in the United Kingdom.

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M&A Deal Summary

Date March 22, 2022
Target Hydraquip Hose & Hydraulics
Sector Manufacturing
Buyer(s) Finning
Deal Type Add-on Acquisition
Deal Value 65M GBP

Target Company

Hydraquip Hose & Hydraulics

Rochester, United Kingdom
Hydraquip Hose & Hydraulics is a hydraulic hose replacement and repair company serving more than 4,000 customers across a diverse range of industries, including construction, power systems, transportation, waste management, utilities, manufacturing, and materials handling. Hydraquip Hose & Hydraulics is based in Rochester, United Kingdom.
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Buyer Overview 1

Buyer

Finning

Surrey, British Columbia, Canada

Category Company
Founded 1933
Sector Machinery
Employees15,279
Revenue 11.2B CAD (2024)
DESCRIPTION

Finning is an operator that sells, rents, and services caterpillar equipment and engines, along with related parts and performance solutions. Finning was founded in 1933 and is based in Surrey, Canada.


Deal Context for Buyer #
Overall 11 of 11
Sector: Manufacturing 2 of 2
Type: Add-on Acquisition 9 of 9
Country: United Kingdom 5 of 5
Year: 2022 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Hoses Direct

Canterbury, United Kingdom

Hoses Direct is a manufacturer of plumbing hoses and fittings offering a wide range of hoses, tubes, valves, and fittings. Hoses Direct was founded in 1999 and is based in Canterbury, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 4Refuel

Langley, British Columbia, Canada

4Refuel is a mobile on-site refueling (MOR) provider in Canada and Texas. The Company delivers approximately one billion liters of fuel annually to over 3,000 customers across rail, transportation & logistics, consumer goods, infrastructure, building products, and other critical industries. 4Refuel Canada was formed in 1995 and is based in Langley, British Columbia.

Sell -