Viking Rental

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Viking Rental - overview

Location

-, QLD, Australia

Primary Industry

Logistics & Distribution

About

Viking Rentals offers premium portable sanitation solutions for events and construction sectors across Australia, ensuring high standards of hygiene and service delivery for diverse client needs. Viking Rentals specializes in portable sanitation services, focusing on the event and construction industries. Headquartered in Brisbane, Australia, the company was acquired by Bayfront Capital Management and other investors in August 2015, with financial details undisclosed. Viking Rentals specializes in providing high-quality portable sanitation solutions tailored for both event and construction sectors across various Australian markets.


The company offers a range of portable toilets, characterized by their modern design, hands-free operation, and comprehensive amenities, ensuring a comfortable experience for users. Additional services include scheduled cleaning and pump-out services, with flexible servicing frequencies such as weekly, fortnightly, and monthly options. The company aims to deliver these facilities within 24 to 48 hours of order placement, addressing the needs of clients ranging from large construction firms to event organizers. Viking Rentals serves major cities including Adelaide, Brisbane, Melbourne, Perth, Sydney, and other regional areas, focusing on elevating sanitation standards and user experience in the construction and event industries.


Revenue for Viking Rentals is generated through a structured transaction model that includes direct rental agreements and service contracts with various clients. Customers typically engage the company for either one-time events or ongoing construction projects, opting for specific rental packages based on their needs. The firm provides tailored options that may involve a combination of portable toilet rentals, cleaning services, and additional products such as mini site offices, particularly appealing to urban builders with space constraints. Payment structures are set according to the duration of rental and the frequency of service, which aligns with the client’s operational requirements.


Viking Rentals emphasizes customer satisfaction through its guarantee of clean and readily available facilities, reflecting its commitment to quality service in the sanitation market. In August 2015, Bayfront Capital Management and other investors acquired Viking Rental, aiming to enhance its service reach and product offerings. The company plans to introduce new sanitation products designed specifically for urban environments by mid-2024. Additionally, Viking Rentals is targeting expansion into the Northern Territory and Tasmania, planning to establish operations by 2025.


The recent funding will be utilized to support these initiatives, focusing on product development and market penetration.


Primary Industry

Logistics & Distribution

Sub Industries

Construction, Logistics & Distribution

Website

www.vikingrentals.com.au

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Viking Rental - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedViking Rental-
GrowthCompletedViking Rental-

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