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Announced

Completed

Endless completed the acquisition of the Fleet and Passenger Services business of Kier Group for £18m.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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vehicle leasing

fleet management

Leasing

United Kingdom

Disposal

Private

Mbo

Completed

Friendly

Acquisition

Private Equity

Majority

Single Bidder

Synopsis

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Endless completed the acquisition of the Fleet and Passenger Services business of Kier Group, a UK construction, services and property group, for £18m. "As soon as we became aware that Essential was non-core to its parent’s strategy, we knew we wanted to back Ray, David and the team in the transition to an independent business. We are delighted to have partnered with Kier to become the new owners of a strong and well-invested business with an attractive long term growth plan, and we look forward to working with Kier as a valued customer to Essential moving forward," Mathew Deering, Endless Partner.

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