KBS Corporate Oversaw the Sale of Lifting Gear and Safety Limited
Lifting Gear and Safety Limited is a highly reputable provider of specialist lifting equipment services, primarily offering hire, sale, and servicing solutions.
Lifting Gear and Safety Limited is a highly reputable provider of specialist lifting equipment services, primarily offering hire, sale, and servicing solutions. Since the company’s inception in 2009, Lifting Gear and Safety Limited have experienced significant growth since its inception, with the strength of its dedicated workforce and outstanding reputation ensuring the business remains at the forefront of its market.
The shareholders of Lifting Gear and Safety Limited, Brian Curtin, Jim Martin, Tim Wilson and Gary Moorhouse, approached KBS Corporate with the sale of their business. It became clear their goal was to find a supportive new owner to enable the company to continue to grow whilst enabling some of the founding shareholders to consider and plan for retirement.
KBS Corporate implemented a diverse research strategy that attracted 30 interested parties. The successful offer coming from Sweden based Axel Johnson International and will see Lifting Gear and Safety Limited join their lifting division Lifting Solutions. Axel Johnson International is currently following a growth via-acquisition strategy having previously acquired a UK competitor of Lifting Gear & Safety with a different regional presence last year. Both acquisitions see Axel Johnson International strengthen its market share and geographical coverage.
Ralf Wiberg, Lifting Solutions Managing Director commented: “At Lifting Solutions, we aim to be in the forefront in the lifting market but also to find the best sustainable solutions. We want to drive the sustainability transformation in our industry. Our vision is to set the standard for a more sustainable future, and part of that is to develop more circular business models. We believe that rental is one cornerstone in our future growth with an increased focus on sustainable customer offers. Lifting Gear and Safety is a perfect opportunity to further expand our offering within the lifting rental market in the UK.”
Tom Eatough, Corporate Director at KBS Corporate, advised Lifting Gear and Safety Limited throughout the process.