M&A Deal Summary

Loxam Acquires Workx Equipment Rental

On July 7, 2014, Loxam acquired business services company Workx Equipment Rental from H2 Equity Partners B.V.

Acquisition Highlights
  • This is Loxam’s 2nd transaction in the Business Services sector.
  • This is Loxam’s 2nd transaction in the Netherlands.

M&A Deal Summary
Date 2014-07-07
Target Workx Equipment Rental
Sector Business Services
Buyer(s) Loxam
Sellers(s) H2 Equity Partners B.V.
Deal Type Add-on Acquisition

Target

Workx Equipment Rental

Zoetermeer, Netherlands
website
Workx (previously Jaston Groep) is active in the building equipment rental market in the Netherlands, focusing on contractors and related companies. Workx focuses on the B2B market, offering a multi-specialist approach, a high service level and high quality rental fleet. The company has a 'General Rental' division and a 'Scaffolding' division. Workx has a total of 45 depots in the Netherlands, and originates from the combination of a number of regional general rental and scaffolding players: PR Verhuur, Cramo NL, AA Verhuurcentrale, Steimach, Amarent, HuurCenter, Bollen Verhuur, Roos Verhuur, Jaston Steigerbouw, DSS, Dokter Steigerbouw and Hi-Reach.

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Buyer(S) 1

Buyer

Loxam

Prais, France

website

Category Company
Founded 1967
Sector Retail
Employees4,000
Revenue 703M EUR (2014)
DESCRIPTION

Loxam is a provider in the rental of materials for building, public works, green spaces, services, industry, and events, offers all the equipment and tools for carrying out your work. Loxam was established in 1967 and is based in Prais, France.

DEAL STATS #
Overall 4 of 11
Sector (Business Services) 2 of 8
Type (Add-on Acquisition) 3 of 7
Country (Netherlands) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-04 Locarest SAS

Cedex, France

Locarest SAS manufactures and markets heavy industrial machinery and machinery components. The company was incorporated in 1958 and is based in Strasbourg, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-26 Maroc Elevation

Bouskoura, Morocco

Maroc Elevation is a powered access equipment company based in Morocco. MAROC ELEVATION operates a fleet of more than 200 machines.

Buy -

Seller(S) 1

SELLER

H2 Equity Partners B.V.

Amsterdam, Netherlands

Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION
H2 Equity Partners' Amsterdam headquarters.
H2 Equity Partners' Amsterdam headquarters.

H2 Equity Partners is an independent private equity group focused on mid-sized turnaround-and-growth investments in the Benelux, Germany, and the UK. H2 looks for businesses facing operational, financial and/or managerial challenges, or sectors 'poised for consolidation'. H2 is a generalist investor, with no specific areas of interest. However, in the past, the firm has targeted opportunities in paper/board, steel, healthcare, media/communications, building products, consumer products, and fashion. H2 can invest in the rang of €5 to €25 million per transaction. H2 Equity Partners was formed in 1991 and has offices in Amsterdam, Munich, and London.

DEAL STATS #
Overall 12 of 33
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 4 of 17
Country (Netherlands) 9 of 20
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Ballast Phoenix

Lincolnshire, United Kingdom

Ballast Phoenix Limited is the UK producer of Incinerator Bottom Ash Aggregate (IBAA).

Buy €38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 NRS Healthcare

Leicestershire, United Kingdom

NRS Healthcare is a provider of community equipment, wheelchair, and clinical services to the NHS and local authorities. NRS Healthcare is based in Leicestershire, United Kingdom.

Buy -
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