Park Place Corporate Finance

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Kelling Group

Secondary Management Buy-Out

Kelling Group

PPCF advised the management team of Kelling Group on their secondary MBO backed by Alinda, a US based infrastructure fund.  The transaction provided a successful exit for Elysian.

£10m plus EBITDA business Kelling Group is a specialist hire group comprising three operating businesses: Access Hire, specialising in the hire of vehicle mounted access platforms (‘VMAPs’) and other specialist vehicles to core markets including power, telecommunications, local authorities and leading utility and infrastructure businesses; Welfare Hire which is focused on becoming a market leading hire business, servicing welfare hire and other specialist requirements across various sectors in the UK; and Modular Hire which is about to launch the next generation of flexible and adaptable modular units which are both ECO and health and safety compliant.  The business is based in Normanton, West Yorkshire.

John Wood CEO of Kelling Group said “PPCF were engaged to ensure that the management team’s objectives were clearly presented to Alinda.   PPCF then used their knowledge and experience of such roles to negotiate attractive terms to align our objectives with those of Alinda.”

The transaction provides the management team with a new partner with a shared vision to grow Kelling as a best-in-class equipment hire business, with a specific focus on meeting the needs of critical UK infrastructure.

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