Done Deal: Quattro Group

Plant Hire Solutions

 


 

£55,000,000

Revolving Line of Credit

Plant Hire Solutions

Financing Event: Refinance
PNC Deal Leader: Jason Zillwood

The Company: Plant Leaders

Established in 1989, Quattro Group (Quattro) has grown to become one of the UK’s leading infrastructure plant hire organisations. With an unrivalled fleet of modern, varied and unique equipment, Quattro delivers plant hire solutions nationwide to a variety of sectors, including rail, construction and transport.

The Deal: Infrastructure Opportunity

As one of the UK’s largest infrastructure specialists, Quattro is a leading contractor within the rail market and has built a strong relationship with Network Rail over several years. It is working closely with teams across the UK in delivering the UK’s exciting and expansive plans for network improvements.

The Achievement: Back to the Future

As a previous Quattro ABL partner from 2009 to 2016, PNC returns following a thorough market review. PNC’s long-term facility delivers the flexibility and focus that Quattro requires, in a single hold. As well as providing headroom for growth, the new facility provides a platform for further acquisitions in the years ahead.

The key factor with PNC is that their people know how to create a deal that works. Our business is unique with very specialist and accredited machinery, versatile equipment and a team with unrivalled knowledge and training. We have outstanding opportunities ahead of us and we needed a partner who not only understood us and our sector, but also had the willingness and flexibility to design the right facility in a single hold. The team at PNC had a really positive attitude from the outset, married with great knowledge and a clear passion for our business.

Liam Ruddy | Finance Director, Quattro Group

Important Legal Disclosures & Information

Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.

BBVA is a registered trademark of BBVA, S.A. and is used under license.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.

©2021 The PNC Financial Services Group, Inc. All Rights Reserved.