Hamilton Rentals has undergone its second management buyout (MBO) in five years as it decides to split from parent company XTG.
The firm claims the move will allow it to focus more closely on the UK market and expand its offerings.
Managing director Martin O’Connor has led the buyout, and aside from enabling it to invest in new solutions, the MBO will allow the business to put a renewed focus on its event management offering.
Commenting on the MBO, O’Connor, who also led the buyout in 2008, said: “This is excellent news for Hamilton Rentals, our customers, partners and hardworking staff.
"We have enjoyed great success over the past [few] years and this now allows us to focus on and invest in the areas where we are experiencing the greatest demand and success. We will capitalise on our 40 years of industry experience to reinforce our market-leading position.”
Jeff McFarlane, chief executive of XTG, added: “We wish the team at Hamilton Rentals all the best in the future and look forward to maintaining a strategic relationship and partnership with them going forward.”
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