Hydrex Group

Hydrex was acquired by Bridgepoint Development Capital in 2002. It is a UK specialist hirer of mobile equipment and skilled operators to the rail, industrial and construction markets where it enjoyed leading market positions.

Office London
Acquired 2002 Deal size €66m


Specialist hire was already familiar to Bridgepoint through its investment in Longville Group.  Pursuing a 'buy and build' strategy, Hydrex consolidated its market position during 2004 with the acquisition of Scottish hire group Lindsay for £8.5 million and Southern based Hughes for £6 million.  Both acquisitions were funded by Bridgepoint.

In March 2006 Hydrex was acquired by Quilvest and Shaoibi Group resulting in Bridgepoint achieving a 3x money multiple.



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