New investors to drive growth at Nixon Hire

Grant Prior 1 month ago Nixon Hire

Site equipment specialist Nixon Hire has announced an investment  by Pricoa Private Capital in the business.

Pricoa is the private capital business of Prudential Financial, Inc – one of the largest life insurance and  financial services firms in the world.

This deal benefits customers, employees and industry stakeholders as the investment accelerates  Nixon Hire’s growth strategy. The directors and senior management team will also be invested in the company alongside Pricoa.

The partnership with Pricoa was instigated to facilitate the exit of three Nixon Hire shareholders and  consolidate the shareholding of Graham Nixon, CEO and his father, the founder of Nixon Hire, John Nixon.

Graham and John Nixon remain significant majority shareholders and are now looking to take the business to the next level following its 54 year history as a 100% family owned company.

Graham Nixon, CEO of Nixon Hire said: “We have significant ambitions for the business and this partnership will enable us to accelerate our  strategic plans to retain and attract new talent as well as grow our product and depot network. We will  look to serve our customers better than ever before, as we invest further in our business.

“It’s a great balance, we have the benefit of remaining a family business as well as access to the  expertise of Pricoa.

“We warmly welcome Pricoa as a strategic partner and are excited to work with them to unlock the  further potential of Nixon Hire.”

Ed Barker, Senior Vice President at Pricoa, said: “We are delighted to be partnering with Graham and his team, and we match their ambitions to grow Nixon whilst remaining true to the heritage of the business.

“Pricoa’s strategy is based on close  relationships with strong management teams and solid companies, and we hope to be able to help  Nixon on the next step of its strategic journey. This investment is positive for all Nixon stakeholders  and we look forward to continuing the business’ long-established positive presence in the UK  equipment hire markets.”

Latest suppliers & buyers news

Premier Modular strengthens team in Scotland

Offsite specialist makes two key appointments
1 day ago
Premier Modular

J S Wright lands M&E package on Bouygues job

Building services specialist starts on latest phase of Canning Town site in east London

Aggreko invests £30m to kickstart green construction boom

Temporary power specialist helping contractors cut carbon with new range of products
4 days ago

BFT boosts fleet with new mastclimbers

Specialist offers young fleet of well maintained machines
6 days ago
BFT Mastclimbing

Acrol Modular lands £5.8m Cheltenham growth hub

Offsite specialist bags pioneering urban regeneration scheme

Asbestos can now be vacuumed away

Specialist Vac UK unveils better way to dispose of asbestos
2 weeks ago
Vac UK

Crest Plus passes HMRC compliance inspection

Payroll provider and umbrella company passes tax checks
2 weeks ago
Crest Plus

New Grenfell film aims to help construction change

Cladding specialist Vivalda funds fresh look at industry response to disaster
3 weeks ago
Vivalda Group plc

Procore makes construction document management even easier

Software update to bring big benefits to industry
1 month ago

PERI lets engineers get hands-on

CPD event showcases scaffold specialist's range
1 month ago

Offsite Solutions seals £2.8m bathroom pod deal with Grainger

Specialist lands latest package at Exchange Square in Birmingham
1 month ago
Offsite Solutions

New investors to drive growth at Nixon Hire

Private capital cash to take business to next level
1 month ago
Nixon Hire

Vac UK unveils “Ferrari of the vacuum excavation world”

Specialist adds to fleet with mega powerful machines from Italian manufacturer Longo
1 month ago
Vac UK

Createmaster launches Fire and Emergency File

Software specialist helps construction comply with new Building Safety legislation
1 month ago

Aberla lands £20m package at Viadux in Manchester

M&E specialist to start latest scheme with Domis Construction next month
1 month ago

J S Wright lands £6m Soho Wharf package

Building services specialist bags Birmingham deal
2 months ago
J S Wright & Co Ltd

Rye Group switches fuels in drive for 90% reduction in emissions

Demolition specialist switching site fleet to vegetable oil power
2 months ago
Rye Group

Vital Energi lands deal to save City of London money

Energy and carbon savings contract win for City of London Corporation
2 months ago

Keltbray lands HS2 ventilation shaft lining deal

Specialist in £14.6m package win from Align Joint Venture
2 months ago

HBS lands latest M&E package from Davd Wilson Homes

Building services specialist continues relationship with housebuilder
2 months ago
HBS Group Southern

Milbank Concrete Products adopts vegetable oil power

Manufacturer acts to cut back on CO2 emissions

HBS wins M&E and solar package from Vistry Group

Specialist lands latest deal for housing giant in Surrey
3 months ago
HBS Group Southern

IDH opens Bahrain office

Engineering design consultant expands in Middle East

Premier Modular lands major HS2 site buildings supply deal

Specialist supplying Skanska Costain STRABAG Joint Venture with buildings across 15 sites
3 months ago
Premier Modular

Offsite Solutions picks-up another prize deal at Cherry Park

Pod specialist lands package on one of the UK's largest single-site build-to-rent schemes.
3 months ago
Offsite Solutions

Cole Groundworks goes green on Bouygues Brighton job

Road construction specialist slashes emissions with GreenD+ biofuel
3 months ago

Speedy gets even quicker with £10m kit investment

Hire giant sees popularity of four-hour guaranteed delivery service soar
3 months ago

O’Brien appoints Net Zero Champion

Contractor confirms commitment to the environment

AGD cuts carbon as clients look to work with greener suppliers

Equipment specialist hopes hard work will pay off with wins on major sites like HS2
4 months ago
AGD Equipment Ltd

MGF launches new lifting division

Temporary works specialist expands its offering
4 months ago

Firm Quick Find

Join Now

Sorry, there was a problem with the details you have entered. Please review the highlighted fields.

Sorry, this email address has already been registered.

Top searches

Contractor services