We acted for the Vendors in the sale of Swan Plant Hire, the Irish construction equipment rental company, to the Loxam Group.
The transaction was led by Gerry Halpenny, Partner in our Corporate Department, with the assistance of Associate Solicitor James Byrne, Partner John Campbell, and Associate Solicitor Shane O'Donohoe.
Swan was founded more than 45 years ago by the Vendors and operates two branches located in Dublin. It has developed a loyal and well-diversified client portfolio, as well as a strong expertise in general plant hire.
Gérard Déprez, President of Loxam said: “This acquisition will allow Loxam to strengthen its position in the Dublin area alongside its Loxam Access branch, and to diversify and complete its equipment range. We are happy to extend our footprint in this dynamic country where Loxam has been operating an equipment rental business for 18 years, and we are pleased to welcome the Swan employees to Loxam. We look forward to working together”.
Brian Connolly, Managing Director, added: “We are convinced that the acquisition of Swan by Loxam is a great opportunity for our employees to join the European leader in the equipment rental industry. We trust that this acquisition will allow Swan to benefit from Loxam expertise and global growth prospects. We will keep following Swan’s further development with interest”.