Rollalong Hire Ltd
19th July 2019
Barclays Ventures has backed an £11 million MBO of portable accommodation specialist Rollalong Hire, which has been acquired from its previous owners the Newman family.
Rollalong Hire operates from eight regional hire centres across England, leasing a range of portable accommodation units (including offices, toilets and classrooms) to those in the construction, education, local authority and events sectors. Past contracts have seen the group service high-profile events, ranging from Wimbledon to The Notting Hill Carnival.
Following the MBO Hickton says Rollalong, which is expected to achieve an EBITDA of £2.5 million in 2006, ‘will implement growth plans by further increasing [its] geographical coverage through selective acquisitions and new depot openings.
Partner, Mike Simson led a team who introduced Barclays Ventures to the transaction and advised the management team.
