FSP advises Nationwide Hire management team Livingbridge backed MBO
Field Seymour Parkes has advised the management team of Nationwide Hire on their recent MBO backed by a £15m investment from UK mid-market private equity firm Livingbridge.
Founded in 1995 and headquartered in Fareham, Hampshire, Nationwide Hire manages a network of over 4,000 suppliers based in over 9,000 locations across the UK and Ireland with access to more than five million products. With over 70 staff and a turnover exceeding £16 million, Nationwide Hire provides major plant and machinery, equipment, tools and specialist services to companies operating across a wide range of sectors including construction, facilities management, retail, events, waste management and crisis support.
The investment will enable Nationwide Hire to accelerate its growth trajectory by helping to develop a best-in-class online customer acquisition engine and funding the development of a new technology platform.
Jonathan Holley, chief executive at Nationwide Hire, said “Many thanks to Penelope and her team for their practical advice and no-nonsense support throughout the process. We would not hesitate to recommend FSP if asked.”