Amey drops equipment rental partner HSS Group
12 June 2024
UK-based infrastructure company Amey has dropped its equipment rental partner HSS Hire Group in favour of another supplier.
Image: HSS Hire Group
Infrastructure support service business Amey, which specialises in several different markets including roads, rail, defence, education, health and the public sector, has appointed a new supplier after retendering its equipment rental managed service contract.
Announcing the news to investors in a contract update, HSS Group said its supplier agreement with Amey would end in December 2024, subject to any transitional services that HSS may agree with Amey.
The agreement started in December 2015 and accounts for around 7% of HSS Hire Group’s revenue and 10% of its adjusted EBITDA in 2023.
According to its 2023 annual report, HSS’s group revenue was £349.1 million for the year, while adjusted EBITDA was £65 million.