Hydrex was acquired by Bridgepoint Development Capital in 2002. It is a UK specialist hirer of mobile equipment and skilled operators to the rail, industrial and construction markets where it enjoyed leading market positions.
| Office | London | ||
| Acquired | 2002 | Deal size | €66m |
Specialist hire was already familiar to Bridgepoint through its investment in Longville Group. Pursuing a 'buy and build' strategy, Hydrex consolidated its market position during 2004 with the acquisition of Scottish hire group Lindsay for £8.5 million and Southern based Hughes for £6 million. Both acquisitions were funded by Bridgepoint.
In March 2006 Hydrex was acquired by Quilvest and Shaoibi Group resulting in Bridgepoint achieving a 3x money multiple.
