April 21, 2023
Translink Corporate Finance in Sweden (Anecta) and Finland, acted as the exclusive advisors to the shareholders of Hyrpoolen on the sale to Renta, a portfolio company of IK Partners.
Per Gustavsson and Johan Gustavsson founded Hyrpoolen in 1989, successfully establishing the company as a leading rental service provider for construction machines, scaffolding, and related equipment in the Greater Stockholm area. In 2017, they expanded their operations to include rental services for sheds and trailers, which has further propelled their profitable growth. With two well-positioned depots in Stockholm, one in Nacka and the other in Haninge, Hyrpoolen has more than 30 highly skilled employees, and an impressive annual turnover of around 70 SEKm.
“We have been looking for a partner for some time to support us in further developing our operations and we are happy to say that Renta is an excellent match for us. Renta shares our values and partnering with them will provide us access to a broader range of equipment and to Renta’s top-notch digital solutions. Hyrpoolen has a solid customer base, a strong reputation and a deep knowledge of the local market in southern Stockholm. I am convinced that together with Renta we will become even stronger and the preferred partner for customers in our region,” said Per Gustavsson, Owner, Hyrpoolen.
“Hyrpoolen fits our strategic agenda very well given the profitable operations and local business model. The company has a strong presence in attractive parts of Stockholm and has a reputation of providing high-quality services appreciated by its customers. We are very pleased to join forces with Hyrpoolen and look forward to the journey ahead,” said Kari Aulasmaa, CEO, Renta.
Fredrik Ullberg, Partner at Anecta said, “This has been an exciting process with great industrial interest. We at Anecta are very impressed by what Per and Johan have achieved during their time as owners for 34 years of Hyrpoolen Hederén Maskinuthyrning in Nacka AB. Through this acquisition, Renta secures a strong foothold in Stockholm for continued expansion. We look forward to following Hyrpoolen as part of Renta.
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 35 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Anecta Translink, our partner in Sweden, is a M&A advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, their partners completed more than 100 M&A transactions in different industries working closely together with business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.