Briggs Equipment’s Acquisition of Laois Hire Services

Dillon Eustace supported Briggs Equipment Ireland, an exclusive national distributor of handling equipment, with its €11.2 million acquisition of Laois Hire Services from London-listed tool hire company HSS Hire, represented by ByrneWallace LLP.

As part of the deal, HSS Hire has confirmed a commercial agreement with Briggs for the cross hire of equipment to ensure the broadest possible distribution of, and customer access to existing fleets.

Established in Northern Ireland in 2012, Briggs Ireland is continuing to build their presence within Ireland’s materials handling sector with acquisitions backed by Briggs Equipment Group. The acquisition of Laois Hire Services forms part of Briggs Ireland’s plan to diversify their offering and provide a comprehensive proposition which includes plant hire across the whole of Ireland. Founded in 1989, Laois Hire Services specialises in the sale and hire of small plant equipment. The company was acquired by HSS in 2005 in a deal valued in excess of €5 million. As of June 2020, Laois had total gross assets of €10.6 million and had made a pre-tax of €1.8 million for the year ended December 2019.

Dillon Eustace acted on behalf of Briggs Equipment Ireland, managed by Briggs Equipment Group. The legal team on this deal was led by Philip Lea (Picture), Partner within the Corporate M&A team, and supported by Associate Joseph Lynch and Head of the Taxation team David Lawless. Senior Associate Brendan Cunnane led on the property aspects of the deal with support from Julia Drennan.

The ByrneWallace team was led by partner Gerry Beausang and included senior associate Jonathan Lynch (Corporate), and senior associate Colin Bolger and solicitor Laura O’Malley (Tax).

Involved fees earner: Gerry Beausang – Byrne Wallace ; Colin Bolger – Byrne Wallace ; Jonathan Lynch – Byrne Wallace ; Laura O’Malley – Byrne Wallace ; Brendan Cunnane – Dillon Eustace Solicitors; Julia Drennan – Dillon Eustace Solicitors; David Lawless – Dillon Eustace Solicitors; Philip Lea – Dillon Eustace Solicitors; Joseph Lynch – Dillon Eustace Solicitors;

Law Firms: Byrne Wallace ; Dillon Eustace Solicitors;

Clients: Briggs Equipment Ireland; HSS Hire Service Group Limited;

Author: Federica Tiefenthaler