The deal

We’re pleased to have acted as lead Corporate Finance adviser to the shareholders of Parker Plant Hire (Parker), one of South Wales leading plant hire specialists, on its sale to Rentacabin Limited (Rentacabin).

Parker Plant Hire, established in 1980 and based in Llanelli, has one of the largest hire fleets in the region and specialises in heavy plant hire and accommodation units. The company was founded by the Parker family and has grown to service a wide range of customers across Wales and the South West in key sectors including construction, rail, leisure, events and environmental.

Our Corporate Finance team led by Director Thomas Edwards introduced the opportunity to a number of prospective acquirers, negotiated terms and managed the process through to a successful completion, in which Rentacabin emerged as the preferred acquirer.

Thomas Edwards, Director at FRP Corporate Finance, said: “We are delighted to have acted for the shareholders. The result is testament to the hard work they have put in over the years to build the business up to be one of the leading plant hire companies across Wales.”

Barry Williams, Managing Director at Parker, said: “Huge thanks to the Cardiff team for all their hard work and perseverance on this sale process against the backdrop of the challenging economic conditions brought about by COVID during 2020. I will be remaining with Parker after the sale and this deal represents another significant milestone in the successful history of Parker. We are excited for the future under the new ownership of Rentacabin.”