HSS new owners plan expansion

Published:  29 October, 2012

TRAFFORD PARK: HSS Hire Service Group has been bought by private equity firm Exponent has been acquired for an undisclosed sum. Chief executive Chris Davies said Exponent's backing would also enable HSS to seek potential acquisitions and roll out a new branch format.

HSS plans to double capacity at its equipment refurbishment centre in Trafford Park and take on staff at its call centre in Urmston to grow key accounts.

HSS was owned by hedge fund Och-Ziff and Aurigo which paid £310m for the business in 2007. HSS posted sales of £180.3m last year and profits of £39.9m and expects to achieve further growth this year.

Mr Davies said: "HSS is enjoying great success and the company continues to go from strength to strength. This transaction and future support from Exponent will help us unlock fresh capital needed to realise the next phase of our growth plan."

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

We work closely with the National and Large Independent Builders Merchants as well as Manufacturers & Distributors. We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.