Finning Expands Power Rental Business with Acquisition of John F Hunt Power Group
Finning UK & Ireland has acquired John F Hunt Power Group, significantly enhancing its power rental capabilities across the UK.
Acquisition Overview
Finning UK & Ireland has officially acquired John F Hunt Power Group, a prominent UK-based rental business that has been operational since 1998. This strategic move also includes the acquisition of Morris Machinery, further diversifying Finning's offerings in the power rental market.
About John F Hunt Power Group
John F Hunt Power Group is well-known for its temporary power systems, providing generators with capacities ranging from 20kVA to 1250kVA. The company is recognised for its diverse range of generator models, including Stage V, Super Silent, and Ultra Quiet options, catering to various customer needs across multiple sectors.
With six locations across the UK, John F Hunt operates a fleet of around 2,200 generator units. The company reported a revenue of £49.9 million for the year ending 31 March this year, with 61% of this income derived from rental activities and the remainder from fuel sales. The acquisition will see approximately 145 employees from John F Hunt joining Finning, increasing the latter's workforce to around 1,900 in the UK and Ireland.
Morris Machinery's Role
In addition to John F Hunt, Finning has also acquired Morris Machinery, which manufactures and distributes both new and refurbished site machinery. Morris Machinery supplies generators from 6kVA to 500kVA, along with essential equipment such as welders and pressure washers. This acquisition strengthens Finning's position in the machinery market, complementing its power rental services.
Strategic Implications
The acquisition is set to significantly enhance Finning's power rental capabilities in the UK, with expectations to more than triple its power rental revenue in the region. The newly acquired businesses will operate under the name 'John F Hunt Power Group Ltd, A Finning Company', reinforcing Finning's commitment to expanding its rental services.
Finning's Background
Finning is the largest Caterpillar dealer globally, headquartered in Surrey, British Columbia. The company's strategic acquisitions reflect its ongoing commitment to enhancing its service offerings and market presence in the UK and Ireland. The integration of John F Hunt Power Group and Morris Machinery into Finning's operations is expected to provide a robust platform for future growth in the power rental sector.
Conclusion
As Finning continues to expand its footprint in the power rental market, the acquisition of John F Hunt Power Group and Morris Machinery marks a significant step forward. This move not only enhances Finning's capabilities but also positions it as a leading player in the UK power rental industry.