ACQUISITION OPPORTUNITY: National Crane Hire Business
An opportunity to acquire a highly profitable and rapidly growing crane hire business with a fleet of c40 cranes across several classes.
Atlas was established thirty years ago and today employs over 50 staff and operates an impressive fleet of cranes across several classes including heavy and all terrain cranes.
The business has extensive experience across all areas of construction and has built a niche offering for film and television productions. The directors have continually invested in the latest crane technology. In the last five years Atlas has invested over £20 million in its fleet.
Located in the home counties an hour north of London with regional depots. The directors wish to sell the business in order to facilitate their retirement.
Atlas is experiencing record sales for YE 28/02/2019; May- £780k, June- £1.2m, July – £1m+, Aug -£1m+
- Second tier management in place, the current Operations Director can take over day to day running
- Exceptionally high rates of utilisation – Light cranes, city cranes, mobile tower and heavy all terrain cranes
- Sectors include construction, engineering, oil and gas, film and TV
- No over dependency on a single or small group of customers
- Very limited cross hire