Grafton Group plc has acquired HSS Hire Ireland Limited, a tool and equipment hire specialist.
Following the acquisition, HSS Hire Ireland will be integrated into Chadwicks, Grafton’s distribution business in the Republic of Ireland. The deal, valued at €31.6 million on a cash- and debt-free basis, enhances Chadwicks’ ability to provide a nationwide hire service, catering to projects ranging from small DIY tasks to large-scale civil works.
HSS Hire Ireland operates from four branches and four customer distribution centres across the Republic of Ireland, offering a wide range of standard hire products alongside specialist equipment, with a particular focus on powered access solutions.
“We are pleased to have agreed to acquire HSS Hire Ireland which is a well-respected tool and equipment hire business and brand with a strong and experienced management team,” said Eric Born, Chief Executive Officer of Grafton Group plc.
“This transaction is in line with Grafton’s strategy to strengthen our market positions in existing and adjacent markets and will broaden the offering of our Chadwicks business in the Republic of Ireland where we continue to see compelling opportunities for further growth,” Born added.