Cat Dealer Finning International Acquires U.K. Power Generation Rental Company John F Hunt Power
Finning International Inc. today announced the acquisition of John F Hunt Power Group Limited. John F Hunt Power is one of the UK’s larger specialist generator rental companies, with a strong industry brand built on delivering high-quality solutions and service, and a track record of profitable growth. John F Hunt Power operates nationwide, serving a substantial and diverse customer base across a broad range of industries, including industrial, healthcare, events and construction.
With 145 employees and a nationwide fleet of approximately 2,500 generator units supported by six strategically located depots, John F Hunt Power provides 24/7 coverage across the UK. In addition to its specialized generator rental offering, the company is recognized for its innovative Fuel as a Service solution, delivering a seamless end-to-end experience for customers.
"John F Hunt Power is a highly respected business with an outstanding track record of supporting customers with reliable, specialist power solutions,” said Gary Megarrell, managing director, Finning UK & Ireland. “We are delighted to welcome the team to Finning. The acquisition is a major step forward in our growth strategy, projected to more than triple our power rental revenue in the UK and Ireland while significantly expanding our power generation solutions capability. It strengthens our ability to support customers with a broader range of applications, larger projects and increasingly complex power requirements.
“We are investing in a market with significant long-term growth potential, and this acquisition builds on the strong organic growth already being delivered by our business, accelerating our ambitions through additional scale, expertise and capability. This is an exciting opportunity to bring together complementary strengths, talented people and a shared commitment to customer support."
The acquisition was funded using existing liquidity and remains consistent with Finning's disciplined capital allocation framework. The transaction is not expected to have a material impact on Finning’s combined revenue, earnings or balance sheet.
Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, it sells and rent Caterpillar equipment and provides parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.