NPK International Inc. announces the acquisition of Grassform Plant Hire Limited for £35.2 million.
The acquisition enhances NPK's U.K. operations through scale and strengthens its core rental and service offerings.
Grassform, a market leader in ground protection and temporary roadway solutions, generated £15 million in revenue and £6 million in EBITDA for the twelve months ended October 31, 2025.
Acquisition Details
The all-cash purchase price for Grassform was £35.2 million funded at closing, with additional potential consideration based on performance improvements.
Strategic Rationale
The acquisition significantly expands NPK's market coverage and complements its existing U.K. operations, aligning with the company's growth strategy.
Financial Impact
Grassform's revenue and EBITDA figures contribute positively to NPK's financial performance, enhancing its overall market position.
- The acquisition strengthens NPK's position in the U.K. market, providing access to Grassform's fleet of over 20,000 composite mats.
- NPK anticipates significant growth opportunities in the U.K., supported by infrastructure investments and the complementary nature of Grassform's offerings.
NPK's acquisition of Grassform Plant Hire Limited marks a strategic step towards expanding its market presence and strengthening its service offerings in the U.K. This move aligns with NPK's growth strategy and positions the company for further success in the infrastructure sector.