Wernick Hire

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Wernick Hire - overview

Established

1934

Location

Wickford, Essex, UK

Primary Industry

Logistics & Distribution

About

Wernick Hire is a UK-based provider specializing in the design, manufacture, and rental of modular and portable buildings, delivering tailored accommodation solutions for diverse sectors including education, healthcare, and construction. Founded in 1934 and headquartered in Wickford, UK, Wernick Hire offers modular building solutions. The company operates without any known subsidiaries or changes in business strategy since inception. Jonathan Wernick leads as CEO, overseeing operations and strategy.


Wernick Group specializes in the design, manufacture, and sale of modular and portable buildings. Their core product offerings include modular classrooms, portable cabins, anti-vandal units, and refurbished buildings, catering to sectors such as education, healthcare, and construction. The company serves schools, government entities, and private enterprises requiring temporary or permanent accommodation solutions. Wernick Group's modular buildings allow for rapid deployment, effectively addressing urgent needs like temporary schools or office spaces, with operations extending across the United Kingdom.


Wernick Group reported a revenue of USD 266. 71 mn in 2023, with an EBITDA of USD 80. 71 mn. The company generates revenue through direct sales and rental agreements, focusing on long-term partnerships with clients who engage in rental agreements for temporary structures or outright purchases of tailored modular facilities.


Their offerings include anti-vandal modular buildings and portable cabins, with pricing structures that accommodate the unique demands of their diverse clientele.


Primary Industry

Logistics & Distribution

Sub Industries

Industrial Wholesalers

Website

www.wernick.co.uk

Total Amount Raised

Subscriber access only

Wernick Hire - financials

Fiscal Year EndedDec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)56,537,32665,560,28276,286,96881,750,27393,181,95996,738,001111,867,535103,260,337111,904,745117,674,879131,943,677---
% Revenue Growth (YoY)-16.0%16.4%7.2%14.0%3.8%15.6%(7.7%)8.4%5.2%12.1%---
EBITDA (USD)13,969,48117,416,58820,859,94321,006,95323,462,06225,997,70629,991,10229,066,32131,718,95634,053,71544,275,599---
Operating Income (USD)7,086,9969,155,01910,305,79711,217,74312,920,47214,045,86616,654,27116,224,26617,464,14618,778,59226,999,839---
Operating Margin12.5%14.0%13.5%13.7%13.9%14.5%14.9%15.7%15.6%16.0%20.5%---
% EBITDA Margin24.7%26.6%27.3%25.7%25.2%26.9%26.8%28.1%28.3%28.9%33.6%---
NET Income (USD)3,521,2085,838,6816,962,8828,415,0499,004,55610,727,32812,207,58212,058,31412,779,51114,288,05420,720,347---
% Net Margin6.2%8.9%9.1%10.3%9.7%11.1%10.9%11.7%11.4%12.1%15.7%---

Wernick Hire - 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 SaleCompletedRollalong Hire-

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