Advised on Sale of CompanyBuilding Products & Services
Acquired Majority Control of Business Operations
Advised Utleiesenteret, Akershus Utleie, Høydespesialisten, machinery and equipment rental companies, on their sale to investment company Stykket Isachsen Holding.
The owners of Utleiesenteret AS in Drammen, Høydespesialisten AS in Oslo and Akershus Utleie AS at Gardermoen are merging their operations into one group together with the investors Terje Stykket and Rune Isachsen. Stratema has assisted the owners of the rental companies in the process.
The three companies have more than 100 employees. Total turnover in 2015 was approximately 230 million NOK with an operating profit of 40 million NOK. In 2016 sales were expected to exceed 300 million NOK. All three companies have a good reputation and key market positions in machinery and equipment rental to the construction industry in East Norway.
Stykket Isachsen Holding are acquiring the group to ensure continuity and the exploitation of synergies between the businesses. Together, the companies will develop a highly competitive business that can deliver all the services in a growing rental market within construction, as well as gain a much more efficient utilization of machinery. Customers will also benefit from a more complete offer with regard to materials, service and geographic coverage.
"These are very solid and well-managed companies within rental of machinery and equipment, an industry that has a huge growth potential. Significant infrastructure development projects will be carried out in the region the years to come. The plants get bigger, requiring specialized equipment," says investor and entrepreneur Rune Isachsen.