Point of Rental Inc. acquires Higher Concept Software Limited
04 Aug 2016
Manchester-based Corporate Finance company and business sales specialist, the Camlee Group has announced today the sale of its client, Higher Concept Software Ltd to Point of Rental Inc. much to the delight of its Owners, Bill & Katy Kukstas, Mark Goodrum and Dan McKenna.
Established in 1998, HCS is the creator and distributor of the market leading Syrinx hire management system for the rental and asset management industry. HCS is one of the first choice suppliers for rental companies of all sizes, spanning a wide range of industry sectors including Tool; Plant; Powered Access; Cranes; Construction; Accommodation; Event; Audio-Visual; Gas and Oil; Utilities and Rail and can boast a customer base that spans across UK and Europe, Australia and the Middle East.
The Company was a natural fit for acquirers, Point of Rental, as it provides a direct entry point to the UK and European market. Headquartered in Texas, USA and with offices in Australia, Point of Rental was founded in 1983 by ex-employees of NASA and has supplied rental management systems to more than 2,000 customers across the United States and Australia.
Paul Thompson, Project Director at the Camlee Group stated, “I’m extremely happy to have been able to facilitate such a successful outcome for our client and in such a rapid space of time. It was immediately apparent that there was a significant appetite from the market, with a number of competitive offers on the table. However, in the end, Point of Rental’s resolve to acquire shone through. I’m sure HCS will make a valuable addition to Point of Rental’s portfolio as it continues to go from strength to strength”.
Owner and Managing Director of HCS, Bill Kukstas said, “I’m extremely pleased with the result that has been achieved here and am thankful to Camlee for their invaluable support throughout the process. Paul and Christian offered hands on support from the onset, taking control of key issues with unwavering dedication. I look forward to seeing HCS thrive under the guidance and infrastructure of its new owners”.