Track record
  • HSS Hire L.jpg
    HSS
    UK / Private Equity

    Business & Technology Services

    Overview

    HSS is a leading UK tool and equipment rental chain. On exit HSS had c.300 branches and 150 agencies, and around 18% market share with a growing international presence through 44 franchises outlets.

    Highlights under our ownership

    • Repositioned 50 year old HSS brand from a pure hire/rental business to a facilities management company for trade customers who make up 90% of the business
    • Transformed its depot network in order to meet the changing needs of its customers, enhanced efficiency of delivery logistics and improved overall availability of stock
    • Developed a web presence to allow domestic customers to order and pay for equipment without visiting a branch
    • Introduced Alan Peterson as Chairman and Chris Davies as CEO
    • Launched a detailed three year value creation and growth plan.
    "The measures we took in partnership with 3i delivered a leaner business and a much clearer line of sight on logistics - helping to ensure that we always had the right tool in the right place at the right time." Alan Peterson, former Chairman, HSS

    Regulatory information 
    This transaction involved a recommendation of 3i Investments plc.

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