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Apex Generators (“Apex”) specialises in the hire of power generation equipment and offers a range of diesel generators and ancillary products.

Business development during Nevis ownership

  • The business was formed in November 2009 when Nevis acquired Woodside Power and re-branded it as Apex Generators.
  • We brought in experienced management to augment the existing Woodside Power team and supported them to relocate the business and implement an ISO accredited integrated management system within six months.
  • This facilitated a market leading level of customer service which helped drive sales into new sectors and geographies.
  • To support this growth, Nevis and its banking partners provided the finance to increase the hire fleet from 10mVA to 45mVA.
 
  • During our ownership, sales quadrupled and what had been a breakeven business generated EBITDA in excess of £1.7m per annum.
  • In 2013, Nevis identified HSS Hire Group as a potential trade acquirer of the business and initiated discussions about combining Apex with their existing Abird business.
  • Having built a strong relationship with the HSS team, we sold Apex to them in March 2014.
 

The success of Apex was driven by the combination of a strong management team complemented by the strategic support of Nevis. Robert Gibson, who led the Apex management team, commented:

“Nevis brought the experience, finance and mindset for growth that we needed and were instrumental in the development of the business. Their straight-forward approach and ability to support us when required made them the ideal partner for a growing business.”

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