Management team completes successful MBO of Hamilton Rentals

15-Jul-08

The management team of Hamilton Rentals, the UK's largest IT and AV rental company, has today announced the successful completion of a management buy-out (MBO) of the company from 2e2, a leading provider of mission-critical IT services. The deal was funded by the management team and means that Hamilton Rentals is once again an independently owned company. It was formerly a separate division of Compel, a company that was acquired by 2e2 in March 2007. The management team approached 2e2 with the MBO offer in September 2007 and 2e2 readily accepted it because equipment rental is not core to its business.

Hamilton Rentals works with leading vendors to deliver the appropriate technology solution to meet customer's needs. It has strategic alliances with leading IT vendors such as SUN Microsystems, Hewlett Packard, IBM, Lenovo, and Microsoft to allow customers to choose from the UK's largest stock of IT & AV rental equipment of £20m available for next-day delivery anywhere in the UK and Europe. "The support of a large company such as 2e2 has been a real benefit to us from a financial point of view, but being independently owned means that both our existing and potential customers see us in a different light," said Martin O'Connor, MD of Hamilton Rentals. "By removing the link to a larger organisation, Hamilton Rentals can now move into channels which may not have been previously open to us. We thank 2e2 for this opportunity and look forward to making the business a success in its own right." Nick Grossman Business Development Director at 2e2 commented "Hamilton Rentals is an excellent business and the leader in its market within the UK. We are delighted that management have decided to take the business forward under their experienced and capable ownership. I'm sure that they will flourish and wish them every success".

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