Industry leading plant hire company with an established track record in construction and mining industries

Our client operates as a premier hire company in both the construction and mining sectors, offering a diverse range of over 200 product lines, which typically include construction, site & earthmoving, generators & alternative energy, and other equipment. With over 40 years of industry presence, the Company has a comprehensive range of approximately 3,500 units, spanning from small tools to yellow plant (large equipment).

Key Aspects

• High profit margins and strong cashflows, showcasing financial health and sustainability
• Diversified asset base with a low utilisation rate, allowing enough resources and capacity to service the market
• Predictable annuity-based revenue streams stemming from long-term and recurring rentals
• Strong capital structure with very low levels of gearing as the Company exhibits financial resilience and flexibility
• Sound capital expenditure program that is primarily funded internally to ensure investments are aligned with business goals and growth strategies

Opportunities

• An asset base with traditional low utilisation levels that is capable of expanding and adding on additional revenue streams for increased market share
• Diversification into additional products within mining and construction
• Expanding the branch network by strategically growing the footprint into neighboring provinces and then countries
• Implementing a new booking and accounting system that ensures ongoing support and provides enhanced management information

Headquartered

• The Company is a major player in the South African market, operating through a network of branches, primarily in Gauteng.

Current Markets

• The Company serves a broad spectrum of customers and markets, from individuals seeking small-scale equipment to contractors engaged in major civil and mining projects, such as major construction companies.