Rutland Partners is pleased to announce that on 13 August 2019 it agreed and completed the sale of AFI Group ("AFI") to its existing management team led by CEO, David McNicholas, and Chairman, David Shipman. At the same time AFI has acquired Facelift, a long-established powered...
Rutland is pleased to announce that AFI has acquired Kimberly Rentals Group (‘Kimberly’). This deal further strengthens AFI’s position within the powered access equipment rental sector bringing its annual turnover to nearly £100m. The acquisition will bring the number of machines in the Group’s rental...
Rutland is pleased to announce that AFI has secured a £70 million refinancing from asset based lender PNC Business Credit as the Group looks to accelerate its growth plans in both the UK and the Middle East. Led by Executive Chairman, David Shipman, AFI supplies powered...
AFI-Uplift has recently acquired Hampshire Plant & Access (HPA). This deal is the fifth bolt-on acquisition since Rutland first invested in the AFI Group in May 2013, when it successfully completed the simultaneous merger of three companies; AFI-Uplift and Hi-Reach in the UK and Access...
Rutland Partners is pleased to announce that on 31 May 2013 it agreed and completed the simultaneous acquisitions of AFI-Uplift in the UK, Access Rental Gulf in the Middle East and Hi-Reach in the UK, for a combined enterprise value of circa £85 million. AFI-Uplift (“AFI”),...