Investment funds managed by Alinda Capital Partners, along with company management, have acquired 100 per cent ownership of Kelling Group Limited (Kelling) from Elysian Capital. Terms of the transaction were not released.
Kelling is a UK company which owns and leases specialty equipment supporting the maintenance and upgrade of rail, road, telecommunications, street lighting, electric transmission, and other critical infrastructure. The company is headquartered in West Yorkshire, with assets on-hire throughout Great Britain. Kelling does business through two subsidiary divisions, Access Hire Nationwide (AHN), and Welfare Hire Nationwide (WHN). AHN is the largest provider of vehicle-mounted access platforms (VMAPs) for hire in the UK.
“As long-standing infrastructure investors in the UK market, we are attuned to the scale of ongoing maintenance and capital improvement programs in UK infrastructure,” says Alinda Managing Partner Chris Beale. “Kelling plays a crucial role in the execution of those programs. We look forward to a long and successful partnership with management, who share our focus on infrastructure and emphasis on quality operations.”
“We are excited about Alinda’s investment,” says Kelling CEO John Wood. “Alinda shares our vision to grow Kelling as a best-in-class equipment hire business, with specific focus on meeting the needs of critical UK infrastructure. We have enjoyed working with Elysian Capital and now look forward to delivering our forward growth strategy in partnership with Alinda.”
Alinda was advised by Pinsent Masons (legal). Elysian was advised by DC Advisory (corporate finance) and Addleshaw Goddard (legal). Management was advised by Park Place (corporate finance) and DLA Piper (legal).
