Reynolds Hire has been a leading supplier of industrial and construction power-tools, plant and equipment for the past 34 years. The founding owner, Seumas Reynolds, is a prominent and highly regarded figure in the industry (past Chairman of the Equipment Rental Association), has decided to embark on a well-deserved retirement.
The new owners of Reynolds Hire & Sales are Gary Neubert who is very well versed in the industry, being a past CEO of the EIE Group, and Harry Todd, past Financial Director of Novus Holdings. They are fully committed to continuing the service excellence that the clients of Reynolds Hire have enjoyed in the past and with their knowledge and experience are confident that the Reynolds Hire legacy will continue to grow.
While Reynolds Hire has a comprehensive range of world renown branded equipment for hire and sale the intention is to even further expand the service/product offering to meet the clients needs. There is also a full range of consumables available to ensure a ‘one stop shop’. To further enhance the client convenience/experience Reynolds Hire is teaming up with Brights hardware, to have representation in their branches. Reynolds Hire and sales also offers a full workshop/repairs facility.
The transaction was concluded on 1 March 2022 and facilitated by Horizon Capital Corporate Finance, a company that specialises in the sale and acquisition of medium sized enterprises across all industry sectors.
This involves the process of preparing a business for sale to maximise its value; conducting a business valuation; preparation of a Sale Prospectus; identifying and approaching qualified prospective buyers; identifying the optimum deal structure and negotiating a ‘fair’ price. It also oversees the Sale Agreement and all supporting documents as well as facilitating the payment. All transaction discussions are governed by confidentiality agreements to protect the interests of all parties.
- Should you be considering the sale of your business, or seeking acquisitions, please contact our Corporate Finance team on 021 425 8586 for a confidential chat.
George – gnew@horizoncapital.co.za I Cell: 083 452 5872 I www.horizoncapital.co.za
www.reynoldshire.co.za
