Rollalong deal for Barclays

Barclays Ventures has backed an £11 million MBO of portable accommodation specialist Rollalong Hire, which has been acquired from its previous owners the Newman family.

The incumbent management team, led by managing director Neil Hickton, will head the company going forward.

Rollalong Hire operates from eight regional hire centres across England, leasing a range of portable accommodation units (including offices, toilets and classrooms) to those in the construction, education, local authority and events sectors. Past contracts have seen the group service high-profile events, ranging from Wimbledon to The Notting Hill Carnival.

Following the MBO Hickton says Rollalong, which is expected to achieve an EBITDA of £2.5 million in 2006, ‘will implement growth plans by further increasing [its] geographical coverage through selective acquisitions and new depot openings.

Leslie Copeland

Leslie Copeland

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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