Investment firm KKR is acquiring UK-based vehicle and temperature-controlled solutions lessor Dawsongroup.
KKR, which is making the investment through its global climate strategy, said it has agreed to acquire the Milton Keynes-headquartered company, which employs 1,150 people across 11 countries. Financial details were undisclosed.
The companies said KKR鈥檚 investment will allow Dawsongroup to accelerate the decarbonisation of its vehicle and asset leasing offerings.
Vincent Policard, partner and co-head of European infrastructure at KKR, said: 鈥淎s one of the largest independent lessors of vehicles and temperature-controlled solutions in the UK, Dawsongroup is a key player in the decarbonisation of mobility.
鈥淲e see a significant opportunity to accelerate the electrification of Dawsongroup鈥檚 fleet, in support of the Dawsongroup management team鈥檚 focus on sustainable solutions, and aligned with KKR鈥檚 commitment to advancing the transition to a low-carbon future.
鈥淏y deploying our global expertise and network, we will help Dawsongroup drive sustainable growth, expand into new geographies, and contribute to the broader shift toward cleaner, more resilient infrastructure.鈥�
Stephen Miller, CEO of Dawsongroup, said: 鈥淜KR鈥檚 support will accelerate the launch of our sustainable growth strategy by continuing to deliver market-leading services for our customers in the UK, maintaining our Ebitda margin profile and providing a real opportunity to expand our unique offering internationally.
鈥淲e are delighted to have the backing of KKR as we enter the next phase of our development and effectively contribute to our customers鈥� transition to zero emissions.鈥�
Freya Dawson, property director at Dawsongroup, said: 鈥淥n behalf of the Dawson family, I am extremely proud of Dawsongroup鈥檚 achievements to date and we are highly supportive of this strategic partnership with KKR. With the Dawson family鈥檚 backing and long-standing support from employees, the group has evolved into the innovative asset leasing platform it is today.
鈥淐ombining Dawsongroup鈥檚 highly experienced management team with the knowledge and experience of the KKR team, we believe the impressive trajectory achieved to date can accelerate even further and we look forward to its future success.鈥�
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