Sector: Business Services
Deal type: Management buyout
Investment date: August 2014
Realisation date: January 2018
We helped the burgeoning Kelling Group transform to a fast-growing, multi-product leasing-style business in a niche market.
Yorkshire-based Kelling Group was initially two businesses known as Access Hire Nationwide and Welfare Hire Nationwide, which provided specialist equipment to infrastructure and related markets.
“The quality of the Elysian team was exceptional and I found it very reassuring to have that depth of experience sitting on the board, engaging in the business and being at the end of a phone line. Elysian are very professional, very pragmatic and very supportive. They helped us instil the correct corporate disciplines, helped us put things in place that should be in place, helped and encouraged us to become a better business.”
Chief Executive, Kelling Group
Kelling Group had a unique business model whereby it leased vehicle mounted access platforms on a long-term basis (Access Hire Nationwide) and provided towable mobile welfare units and welfare vans (Welfare Hire Nationwide) to construction and infrastructure sites.
These two business lines had a fantastic opportunity to work closely together, with the company’s own fleet easily attaching to and towing the welfare pods – a design for which Kelling Group owned the intellectual property.
From just two depots, the company covered most of the UK. Our operational and strategic expertise would help drive Kelling Group’s high organic growth as increased regulation meant greater demand for on-site welfare and safety when working at height.
At the time of investment, the business was largely reliant on Access Hire Nationwide and had a small but growing welfare business.
We sold our stake in Kelling Group in January 2018 to Alinda Capital Partners, one of the world’s largest infrastructure firms and a long-term investor in infrastructure assets that provide essential services to communities.
Under our ownership, the company: