7th January, 2016
Hawk Group provides further investment deal for Aaron & Partners’ Corporate Finance team
One of Aaron & Partners’ Shropshire-based clients, Hawk Group, one of the UK’s leading plant hire and earthworks companies, has secured an £8m growth capital investment from BGF (Business Growth Fund). Aaron & Partners’ Corporate Finance team, led by Hugh Strickland, provided Hawk Group with legal advice.
Based in Whitchurch, Hawk Group has been involved in major UK infrastructure projects including the building of the Olympic Park, Hinkley Point C nuclear power station, the Channel Tunnel Rail Link and Crossrail. Today, the business employs nearly 500 people, generates revenues close to £70m and owns and operates a modern construction fleet of more than 2,000 items, including excavators, dump trucks, telehandlers and bulldozers.
With the addition of BGF’s funding, Hawk Group will continue to develop its fleet and respond to the ever increasing demand for plant hire and construction services, which is expected to be fuelled by investment in major UK infrastructure projects and an increase in housebuilding across the country. Hawk is also extending its services into sectors such as quarrying.
Hugh Strickland, Partner in the Aaron & Partners’ Corporate Finance team, says:
“It is particularly pleasing to be involved with such a major investment in yet another Shropshire business. This is further evidence of the strength of the local market here, the exciting opportunities it presents and the quality of professional advice available in Shropshire.”
This deal is the latest in a string of investment deals totalling over £30million completed by Aaron & Partners’ Shrewsbury-based Corporate Finance team in November and December 2015. They include an investment into Teneno, advising the Business Growth Fund on its investment into Environmental Essentials and acting for Fulbrook Thorpe on several major investments and assisting Blue Prism with a new banking facility from Clydesdale Bank.
For more information please contact Hugh Strickland on 01743 294120 or email [email protected]
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