Hirers of powered access machines, AFI Aerial Platforms and Uplift Platforms have merged in a deal with a £15 million investment from Barclays Private Equity.
Wakefield-based AFI Aerial Platforms is one of the UK’s fastest growing powered access rental businesses and has 15 depots generating a turnover of £20 million in 2006. Uplift Platforms, the northern access company, was formed in 2001 and has turnover of £5 million.
The new holding company, AFI-Uplift, will take second place in its market with 200 employees and over 3,200 powered access units.
Providing strategic investment advice on areas of the deal to Barclays Private Equity, Clearwater International’s team were led by partner Michael Reeves with director Nick Holder and assistant director Nick Horrocks.