03.04.2014

HSS acquires second generator company

UK equipment rental company HSS Hire Services Group has acquired Scottish generator hire company Apex Generators from Nevis Capital for an undisclosed fee.

HSS plans to retain the Apex brand as well as install its Remote Fleet Monitoring (RFM) technology, which provides real-time information on the location and running status of generators, to the Apex fleet. The company said the acquisition will support its existing specialist power division - which includes its Abird division acquired in 2012 (see: HSS acquires Abird) - enabling them to better service a wider geographical area. It also said it will give both Abird and Apex greater ability to fulfill national power solution contracts.

Chris Davies, chief executive of HSS Hire, said: "The addition of Apex to the HSS Group is another solid step in the growth of our company as we continue to increase our presence in existing markets and expand into new ones throughout the UK and Ireland. It supports our existing power solutions capabilities, bolstering our specialist Abird power business and further enhancing our position as a trusted partner and service leader in the tools and equipment rental, outsourcing and services sector."

Apex manager Robert Gibson added: “This is the start of an exciting new chapter for our business. With the support of the HSS Hire Group, we will be able to make further investment in our fleet, grow our network and deliver our excellent service levels to customers on a more national basis, whilst still retaining the specialist nature of our brand. We're delighted to be joining the team."