An affiliate of Sun European Partners, LLP (“Sun European Partners”), today announces that it has agreed to acquire Hewden Stuart Ltd (“Hewden”), a UK equipment rental business from Finning International Inc.
Hewden is one of the UK’s largest and most diverse specialist equipment rental companies, providing equipment rental and contract management services to key businesses in virtually every sector of British industry. It operates from 63 locations across the UK, employing 1,300 employees.
Kevin Parkes, Managing Director of Hewden commented: “This is a very exciting time for everyone at Hewden, the new ownership will provide the investment and operational support needed to grow the business and ensure we are well placed to build on recent gains in market share as the economy recovers”.
Paul Daccus, Principal of Sun European Partners, commented: “Hewden is a fantastic business, renowned for its outstanding customer service and market leading portfolio of equipment. We look forward to supporting the management team of Hewden to deliver strong and profitable growth as a key partner to its highly valued and loyal customer base.”
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