HSS snaps up generator firm

HSS Hire has strengthened its presence in the south with the acquisition of a Kent-based diesel electric generator hire company.

Manchester-based  HSS Hire, which was acquired last week by Exponent Private Equity, has bought Abird Generator Hire, a business headquartered in Sandwich and employing 60 people across seven depots. In 2011 it had sales of £8m, up from £6.5m in 2010.

The deal, for an undisclosed sum, will complement HSS Hire’s existing fleet, enabling it to offer a wider range of large capacity and specialist generators and to provide a more comprehensive service in the growing market for temporary power.

Abird’s management team led by MD Chris Anspack are remaining with the business, which will contibe to trade under its own brand.

Mr Anspack said: “Today’s announcement is an important milestone in the growth of our company. I am delighted that the deal has been successful.

“We have been looking at the best options to manage our growing business. While Abird Generator Hire will continue to trade as a separate brand, joining the HSS Hire Group presents a great opportunity to unlock new investment as we embark on the next stage of our growth and development.”

Chris Davies, chief executive at HSS Hire said: “We are excited to start this new phase of the Abird Generator Hire story with Chris Anspack and his talented management team.

“We at HSS Hire were really impressed by their business, the quality of product and service offering as well as a strong track record. We look forward to working with Chris and his team to further strengthen and develop Abird Generator Hire’s leading position over the coming years.

“We strongly believe that together we have the perfect foundation for both Abird Generator Hire’s successful future development whilst complementing our driving ambition at HSS Hire to ensure an unrivalled hire experience.”