Viking Rentals – sale to Bayfront Capital Management
Miles Advisory Partners advised the shareholders of Viking Rentals on the sale of the business to Bayfront Capital Management.
Transaction Details
Sector
Industrial
Miles Role
Sell-side advisor to shareholders of Viking Rentals
Deal Type
Business Divestment
Year Completed
2015
Contacts for this Transaction
Lloyd Way
Managing Director
Overview
- Viking Rentals is a portable toilet and shower-block hire business servicing the construction and major-events industries, working with thousands of builders and events nationally
- Miles was engaged to advise the shareholders of Viking Rentals on the divestment of their interests
- The business was sold to an investment group led by Bayfront Capital Management, with the management team retained, providing Blue Sky and its co-shareholders a realisation of their investment
Industry Context
Equipment and site-services hire businesses appeal to acquirers for their recurring, contract-backed revenues and exposure to construction and events activity. The buyer was seeking to continue to grow the business through its own relationships in the sector.
