Briggs Equipment UK Ltd
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Briggs Equipment UK Ltd - overview
Established
2006
Location
Staffordshire, -, UK
Primary Industry
Logistics & Distribution
About
Briggs Equipment UK Ltd is a UK-based provider specializing in powered access and materials handling equipment, delivering effective solutions tailored for diverse industries. Briggs Equipment UK Ltd operates as a provider of powered access and materials handling equipment, primarily located in Staffordshire, UK. Founded in 2006, the company has completed a total of 2 deals. It was acquired by Sammons Enterprises, although financial terms of the transaction were not disclosed.
Briggs Equipment is the leading provider of powered access and materials handling equipment in the UK, specializing in a comprehensive range of products designed to enhance operational efficiency across various industries. The company offers an extensive fleet of new and used machinery, including forklifts, scissor lifts, and specialist equipment tailored to meet the specific needs of businesses in logistics, construction, and manufacturing. These products are engineered to provide reliable and safe solutions for lifting, transporting, and handling materials, thus facilitating smooth workflows and reducing downtime. Briggs Equipment serves a diverse clientele, including large corporations and small to medium-sized enterprises, ensuring that customers have access to over 5,000 machines at any given time across various geographical markets, such as the United Kingdom and select regions of Europe.
Additionally, the company emphasizes sustainability by planting a tree for every truck sold, showcasing its commitment to environmental responsibility within the materials handling sector. Briggs Equipment generates revenue through a multi-faceted business model that includes direct sales, short-term hire, and asset maintenance services. Customers typically engage with the company through B2B transactions, where businesses can opt for tailored equipment solutions based on their operational requirements. The pricing structure varies, with options for purchasing new or used equipment, as well as flexible rental agreements designed to accommodate short-term needs.
This model allows businesses to maintain fleet efficiency with services such as preventative maintenance and emergency breakdown support provided by fully trained Asset Maintenance Services engineers. The revenue stream is also bolstered by training programs offered for the operation of various types of equipment, enhancing client capabilities and ensuring compliance with industry standards. Briggs Equipment plans to expand its product range with upcoming launches aimed at enhancing operational efficiency within various sectors. The company is exploring opportunities for growth in new geographic markets, focusing on expanding its presence in regions across Europe by 2025.
The recent acquisition by Sammons Enterprises will facilitate these initiatives, providing the necessary resources to support the development and launch of new equipment solutions.
Current Investors
Sammons Enterprises
Primary Industry
Logistics & Distribution
Sub Industries
Equipment Rental & Leasing, Industrial Wholesalers
Website
www.briggsequipment.co.uk
Total Amount Raised
Subscriber access only
Briggs Equipment UK Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Briggs Equipment UK Ltd | - | ||||||||
| LP Direct, Spin-Off | Completed | Briggs Equipment UK Ltd | - |
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