H2 Equity Partners sells Workx

H2 Equity Partners (“H2”) announces that on July 4, 2014, it completed the sale of its general equipment rental company Workx Holding B.V. (“Workx”) to Loxam B.V. (“Loxam”), the European leader of equipment and tool rental for construction, civil engineering and industry.

Workx is one of the leading general rental companies in The Netherlands focused on the professional market. The company serves its customer base in construction, infra and industry with a modern fleet from 41 locations based on a distinguishing high service offer. Workx has 280 employees and made a turnover of € 35 million.

Workx has been part of the H2 portfolio since 2007. H2 executed the buy and build and was actively involved in the integration, professionalization and optimization of the company. Over the past few years Workx has been growing and outperforming the Dutch rental market. This was a.o. the result of the successful introduction of its full service outsourcing proposition. Thereby Workx meets the increased need from the Dutch construction industry for supply chain integration and optimization.

Loxam has been present in The Netherlands since 2006. The group imposed itself as one of the country’s generalist rental operators through the opening of branches and the acquisition in 2011 of Stammis Verhuur. The acquisition of Workx enables Loxam to enforce its current network of 12 branches and its rental offer, and to achieve national coverage of the Dutch market.

KPMG Corporate Finance acted as corporate finance advisor and Houthoff Buruma as legal advisor to Workx and H2 in this transaction.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.