M&A Deal Summary

Hirepool Acquires Hirequip

On May 6, 2013, Hirepool acquired retailer Hirequip from Tasman Capital Partners

Acquisition Highlights
  • This is Hirepool’s 1st transaction in the Retail sector.
  • This is Hirepool’s 2nd transaction in New Zealand.

M&A Deal Summary
Date 2013-05-06
Target Hirequip
Sector Retail
Buyer(s) Hirepool
Sellers(s) Tasman Capital Partners
Deal Type Add-on Acquisition

Target

Hirequip

Auckland, New Zealand
Hirequip Ltd. is a dry-hire equipment rental business. It offers a wide range of rental equipment across the full spectrum of the construction sector via a national branch network. Hirequip was established in 1960 and is based in Auckland, New Zeland.

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Buyer(S) 1

Buyer

Hirepool

Auckland, New Zealand
Category Company
Founded 1955
Sector Business Services
DESCRIPTION

Hirepool Ltd. is a provider of equipment rental and plant management services.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (New Zealand) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-30 Henderson Rental Cars

Auckland, New Zealand

Henderson Rental Cars Ltd. is a vehicle rental company offers trucks, including furniture, curtainside, tipper, and flat deck trucks.

Buy -

Seller(S) 1

SELLER

Tasman Capital Partners

Sydney, Australia

Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tasman Capital Partners is an independent private equity firm specializing in turnaround, leverage buy-out & buy-in, expansion capital and public to private investments in Australia and New Zealand. Tasman focuses on mid-sized opportunities where it can commit A$10 to A$50 million in transactions valued up to A$200 million. Broad areas of interest include financial services, healthcare, logistics, defense, retail and outsource services. Tasman will not invest in real estate, mining, or startups. Tasman is based in Sydney.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (New Zealand) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-02 Hirequip

Auckland, New Zealand

Hirequip Ltd. is a dry-hire equipment rental business. It offers a wide range of rental equipment across the full spectrum of the construction sector via a national branch network. Hirequip was established in 1960 and is based in Auckland, New Zeland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Serenitas

Sydney, Australia

Serenitas is an home estate operator that provides affordable living solutions to senior Australians. Serenitas offers residents a vibrant, community-focused lifestyle and peace of mind, knowing their home is secure. Serenitas was founded in 2018 and is based in Sydney, Australia.

Buy -
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