Acquisition of Facelift (GB) Limited by AFI-Uplift Limited

Deal typePrivate Equity & Transaction Services
IndustryReal Estate
Client nameAFI-Uplift Limited

BDO provided financial due diligence to AFI Uplift on its acquisition of Facelift (GB) Limited.

AFI-Uplift, based in Wakefield, offers machine rental and sales, as well as industry-accredited training and health and safety courses. Facelift is a complementary business, specialising in the truck-mounted access market and self-propelled mobile elevating work platforms, with a hire fleet of more than 700 machines. The acquisition takes AFI's UK rental fleet to 7,500 machines and will enable it to substantially add scale to its existing business.

"It was fantastic to support AFI on this strategic acqusition which was completed alongside a new long-term financing arrangement from Pricoa Private Capital, who will invest £60m."

Jeff Gardner, Director, Transaction Services