M&A Deal Summary

Speedy Hire Acquires Skyjack

On June 25, 2021, Speedy Hire acquired machinery company Skyjack from Linamar

Acquisition Highlights
  • This is Speedy Hire’s 2nd transaction in the Machinery sector.
  • This is Speedy Hire’s 1st transaction in Canada.
  • This is Speedy Hire’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-06-25
Target Skyjack
Sector Machinery
Buyer(s) Speedy Hire
Sellers(s) Linamar
Deal Type Divestiture

Target

Skyjack

Guelph, Ontario, Canada
Skyjack is a provider of engineered, simple and reliable access and material handling equipment globally so that companies can maximize utilization and their return on investment. All Skyjack’s products are designed to be easy to service and maintain. By keeping design simple and using proven technology, the reliability and ease of service are common to all the company’s products. Skyjack was founded in 1985 and is based in Guelph, Ontario.

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Buyer(S) 1

Buyer

Speedy Hire

Newton-le-Willows, United Kingdom
Category Company
Founded 1968
Sector Business Services
Employees3,293
Revenue 422M GBP (2024)
DESCRIPTION

Speedy Hire is a provider of equipment rental and support services to clients across the construction, infrastructure, industrial, manufacturing, facilities management, retail, leisure and events sectors. Speedy Hire was founded in 1968 and is based in Newton-le-Willows, the United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-30 Speedy LGH

Barrow in Furness, United Kingdom

Speedy LGH Ltd. is a manufacturer and marketer of lifting, winching and material handling equipment.

Buy -

Seller(S) 1

SELLER

Linamar

Guelph, Ontario, Canada
Category Company
Founded 1964
Sector Automotive
Employees34,000
Revenue 9.7B CAD (2023)
DESCRIPTION

Linamar designs, develops and manufactures precision machined components, modules and systems for engine, transmission and chassis systems primarily for the North American and European automotive marketplace. The company’s industrial division is a world leader in aerial lift platform products. Linamar was incorporated in 1964 and is based in Guelph, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 Montupet SA

Clichy, France

Montupet SA is a designer and manufacturer of complex aluminum castings for the global automotive industry with sales and production facilities diversified across several European countries, North America and Asia. Montupet was formed in 1894 and is based in Clichy, France.

Buy €771M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Salford Group

Osceola, Iowa, United States

Salford Group is a designer and manufacturer of tillage, seeding, and fertilizing equipment for the agricultural industry. The company's products are engineered and built to be durable, innovative, and complementary to mainline OEM products with distinct performance advantages related to higher productivity, greater efficiency, and environmental sustainability. It has been able to leverage technological developments in precision agriculture to allow producers to manage their crop production with an ever-increasing degree of accuracy. Salford Group was formed in 1978 and is based in Osceola, Iowa.

Buy CA$260M
Mergr

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