HSS
- Sector Industrial
- Year invested 2004
- Location UK
- Status Realised
HSS is a leading UK tool and equipment rental chain.
Visit hss.com
Overview
On exit HSS had c.300 branches and 150 agencies, and around 18% market share with a growing international presence through 44 franchises outlets.
How we added value
- Repositioned 50 year old HSS brand from a pure hire/rental business to a facilities management company for trade customers who make up 90% of the business
- Transformed its depot network in order to meet the changing needs of its customers, enhanced efficiency of delivery logistics and improved overall availability of stock
- Developed a web presence to allow domestic customers to order and pay for equipment without visiting a branch
- Introduced Alan Peterson as Chair and Chris Davies as CEO
- Launched a detailed three year value creation and growth plan
The measures we took in partnership with 3i delivered a leaner business and a much clearer line of sight on logistics - helping to ensure that we always had the right tool in the right place at the right time.
Regulatory information
This transaction involved a recommendation of 3i Investments plc.