Stål & Hyr Group AB (“Stål & Hyr”), 100% owned by Renta, one of the larger Nordic players within the construction equipment rental, has acquired 100% of the shares in Aros Hyresmaskiner i Västerås AB (“Aros Hyresmaskiner”) from the four founders and the CEO. Through this transaction, Stål & Hyr strengthens its position in the important Swedish rental market and creates a strong platform for growth in the Stockholm region. MCF acted as financial adviser to Stål & Hyr and the transaction represents MCF’s 2nd successful mandate for Renta and Stål & Hyr this year.
MCF supports Stål & Hyr Group in the acquisition of Aros Hyresmaskiner
“MCF Corporate Finance has provided us with valuable support throughout the entire process. The team has excelled in coordinating all activities in an effective way, keeping all of the set deadlines and delivered clear and direct communication in a positive manner.”
CEO of Stål & Hyr
The acquisition of Aros Hyresmaskiner is in line with Stål & Hyr’s and Renta’s strategy – to establish a strong depot network in Sweden and leverage on being a strong and agile Nordic player in the construction market. By acquiring Aros Hyresmaskiner, Stål & Hyr will gain access to the important Stockholm market, which will be key to the continued expansion and establishment of Stål & Hyr and Renta as one of the leading construction equipment rental groups in Sweden.
Aros Hyresmaskiner was established in the early nineties, and is a Swedish rental provider of machinery, tools and equipment- all with a special niche focus on on-site modules, electricity and heating. With its strong offering and customer centric value proposition, Aros Hyresmaskiner is a perfect fit for Stål & Hyr in the company’s market expansion and for establishing a strong presence in the Stockholm-Mälardalen region.
Joacim Johansson, CEO of Stål & Hyr, said: “MCF Corporate Finance has provided us with valuable support throughout the entire process. The team has excelled in coordinating all activities in an effective way, keeping all of the set deadlines and delivered clear and direct communication in a positive manner.”
Renta Group Oy is Finnish rental company which was established in 2016 through the merger of three well-known companies Telinekymppi Oy, Kehä-Kone Oy and Jasoca Oy. The group now operates a strong depot network of 58 depots with presence in Finland, Sweden and Norway, in total employing more than 450 professionals. Renta offers a wide range of construction machinery, equipment and related services. The company also produces scaffolding and weather protection.