Key Takeaways
- • Aska Sykes, an Irish pump and temperature control rental company, has agreed a partnership with Waterland Ireland, part of the Netherlands-based Waterland private equity business.
- • The deal is intended to support Aska Sykes in its "next phase of growth across Europe," according to Waterland.
- • Neither the size of Waterland's investment nor the proportion of its shareholding was disclosed.
- • Aska Sykes will continue under CEO Paul Clarke and its existing management team.
- • The company operates a fleet of more than 600 pumps across eight Irish depots and three in Poland, and employs more than 70 people.
Summary
Irish pump and temperature control rental company Aska Sykes has agreed a partnership with Waterland Ireland, the Irish arm of the Netherlands-based Waterland private equity business, according to International Rental News. Waterland described the deal as supporting the rental company in "its next phase of growth across Europe." The announcement did not disclose the scale of Waterland's investment or the proportion of its shareholding.
Aska Sykes operates more than 600 pumps across eight depots in Ireland, located in Dublin, Carlow, Cork, Galway and Limerick in the south, and Lisburn and Strabane in the north, along with three depots in Poland. The company employs more than 70 people. It is also a rental partner or distributor for UK-based Andrews Sykes, a pump and HVAC rental specialist.
The company's product range includes Sykes diesel-engined pumps from 2 to 12 inches, Pumpex and Sulzer electric submersible drainer and sludge pumps, and Koshin, Ponstar and Speroni pumps serving the domestic and DIY market.
CEO Paul Clarke will continue to lead the business alongside its existing management team. Clarke said the partnership was an important next step, noting that Waterland shares the company's commitment to specialist expertise, dependable service and long-term customer relationships. He said the company plans to invest in its people, equipment and capabilities while preserving the responsive service its customers value. Laura Dillon, a partner at Waterland Ireland, said Aska had built a strong position in its markets and that Waterland looks forward to supporting the business as it pursues growth across Europe.
Aska Sykes operates more than 600 pumps across eight depots in Ireland, located in Dublin, Carlow, Cork, Galway and Limerick in the south, and Lisburn and Strabane in the north, along with three depots in Poland. The company employs more than 70 people. It is also a rental partner or distributor for UK-based Andrews Sykes, a pump and HVAC rental specialist.
The company's product range includes Sykes diesel-engined pumps from 2 to 12 inches, Pumpex and Sulzer electric submersible drainer and sludge pumps, and Koshin, Ponstar and Speroni pumps serving the domestic and DIY market.
CEO Paul Clarke will continue to lead the business alongside its existing management team. Clarke said the partnership was an important next step, noting that Waterland shares the company's commitment to specialist expertise, dependable service and long-term customer relationships. He said the company plans to invest in its people, equipment and capabilities while preserving the responsive service its customers value. Laura Dillon, a partner at Waterland Ireland, said Aska had built a strong position in its markets and that Waterland looks forward to supporting the business as it pursues growth across Europe.
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