KKR has acquired a majority share of unbiased asset leasing enterprise Dawsongroup.
The acquisition has been made as a part of KKR’s international local weather technique, which goals to scale net-zero options and decarbonise greater emitting property. This purpose carefully aligns with Dawsongroup’s long-term sustainability-led plans.
Dawsongroup relies in Milton Keynes and offers plenty of property to its shoppers, from vans to chilly storage. It employs greater than 1,150 folks throughout 11 international locations. Its smarter asset technique allows companies to cost-effectively transition to web zero.
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Final 12 months, Dawsongroup posted a report efficiency with group EBITDA of round £250m. Below its new possession, administration intends to construct on this robust platform to broaden the markets it serves all through your complete provide chain.
“KKR’s help will speed up the launch of our sustainable progress technique by persevering with to ship market-leading providers for our clients within the UK, sustaining our EBITDA margin profile and offering an actual alternative to broaden our distinctive providing internationally,” stated Stephen Miller, chief govt of Dawsongroup.
“We’re delighted to have the backing of KKR as we enter the subsequent part of our improvement and successfully contribute to our clients’ transition to zero emissions.”
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“As one of many largest unbiased lessors of autos and temperature managed options within the UK, Dawsongroup is a key participant within the decarbonisation of mobility,” added Vincent Policard, associate and co-head of European infrastructure at KKR.
“We see a major alternative to speed up the electrification of Dawsongroup’s fleet, in help of the Dawsongroup administration workforce’s concentrate on sustainable options, and aligned with KKR’s dedication to advancing the transition to a low-carbon future.
“By deploying our international experience and community, we are going to assist Dawsongroup drive sustainable progress, broaden into new geographies, and contribute to the broader shift towards cleaner, extra resilient infrastructure.”
Dawsongroup has been owned and run by the Dawson household for 90 years. Talking on behalf of the Dawson household, Freya Dawson stated that she was extraordinarily pleased with the group’s achievements up to now and extremely supportive of the strategic partnership with KKR.
“With the Dawson household’s backing and long-standing help from workers, the Group has developed into the modern asset leasing platform it’s in the present day,” she stated.
“Combining Dawsongroup’s extremely skilled administration workforce with the data and expertise of the KKR workforce, we imagine the spectacular trajectory achieved up to now can speed up even additional and we sit up for its future success.”
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