Access and welfare hire buyout
By Euan Youdale11 August 2014
Elysian Capital has acquired UK-based Access Hire Nationwide (AHN) and Welfare Hire Nationwide (WHN).
AHN supplies vehicle mounted platforms to infrastructure maintenance applications such as power, street lighting and telecoms. Only a third of the market is serviced through outsourced rental fleets with the remainder being serviced by in house fleets.
WHN provides mobile and static welfare pods - temporary eating and washroom facilities for workers - on short to medium-term hire contracts and larger mobile or static units.
All AHN vehicles are managed from a single site near Wakefield while mobile and static welfare units, under WHN, are located in Monmouth, South Wales.
The business has been acquired from a shareholder group headed by David Wraith, who was non-executive Chairman and founder of the businesses.
Ken Terry, CEO at Elysian Capital said, “We are delighted to be working with John and his team on this exciting opportunity. The management have done an excellent job in building the AHN business into the UK market leader in the vehicle mounted access platform sector and establishing WHN as a fast growing provider of safe and high quality welfare units for workers’ off-site requirements.”
John Wood, CEO of AHN and WHN added, “We believe that, with the help of Elysian Capital, we can expand the range, quantity and quality of products we offer and improve the services we provide to our customers. Our vans and welfare units are critical in providing UK infrastructure workers with safe, comfortable and efficient working facilities”