Alinda Capital Partners has acquired UK-based Kelling Group Limited, which owns and leases specialty equipment supporting the maintenance and upgrade of rail, road, telecommunications, street lighting, electric transmission and other critical infrastructure. The seller was Elysian Capital. No financial terms were disclosed.
GREENWICH, CT – Alinda Capital Partners (Alinda) announced today that investment funds managed by Alinda, along with company management, have acquired 100% ownership of Kelling Group Limited (Kelling) from Elysian Capital. Terms of the transaction were not released.
Kelling is a UK company which owns and leases specialty equipment supporting the maintenance and upgrade of rail, road, telecommunications, street lighting, electric transmission, and other critical infrastructure. The company is headquartered in West Yorkshire, with assets on-hire throughout Great Britain. Kelling does business through two subsidiary divisions, Access Hire Nationwide (AHN), and Welfare Hire Nationwide (WHN). AHN is the largest provider of vehicle-mounted access platforms (VMAPs) for hire in the UK. More information about the company is available at www.kellinggroup.com.
Kelling Group | Welfare and Access Services
Kelling Group comprises Welfare Hire, Access Hire and Modular Hire, headed by an experienced team of industry professionals who understand the UK Hire Market
“As long-standing infrastructure investors in the UK market, we are attuned to the scale of ongoing maintenance and capital improvement programs in UK infrastructure,” said Alinda Managing Partner Chris Beale. “Kelling plays a crucial role in the execution of those programs. We look forward to a long and successful partnership with management, who share our focus on infrastructure and emphasis on quality operations.”
“We are excited about Alinda’s investment,” said Kelling CEO John Wood. “Alinda shares our vision to grow Kelling as a best-in-class equipment hire business, with specific focus on meeting the needs of critical UK infrastructure. We have enjoyed working with Elysian Capital and now look forward to delivering our forward growth strategy in partnership with Alinda.”
Alinda was advised by Pinsent Masons (legal). Elysian was advised by DC Advisory (corporate finance) and Addleshaw Goddard (legal). Management was advised by Park Place (corporate finance) and DLA Piper (legal).
Alinda Capital Partners is one of the world’s largest infrastructure investment firms. Alinda is a long-term investor in infrastructure assets that provide essential services to communities. Alinda has invested in infrastructure businesses that operate in 33 states in the United States as well as in Canada, the United Kingdom, the Netherlands, Belgium and Poland. These businesses serve over 100 million customers annually in more than 550 cities globally, and are run by a workforce of over 80,000 people. For more information, please visit www.alinda.com.