Done Deal: AFI

New Platform, New Era

PNC Business Credit Case Studies
AFI boom lift product

The Company: Powered Access Leaders

AFI-Uplift Limited (AFI) is a long-standing client of PNC that has grown to become one of the UK and Middle East’s leading powered access specialists. AFI offers machine rental and sales, as well as industry-accredited training and health & safety courses.

The Deal: MBO and Acquisition

Through close team working between the management team, PNC and Pricoa Private Capital, AFI simultaneously completed a management buyout and the acquisition of West Sussex based Facelift (GB) Limited. The acquisition takes AFI’s UK rental fleet to 7,500 machines and allows AFI to substantially add scale to its existing business.

The Achievement: New Platform, New Era

PNC’s new facility for AFI’s new era provides a powerful platform for further growth, as AFI undertakes further acquisitions and extends its service offering.

Powered Access Platforms
 

AFI group of companies

A portfolio company of
Pricoa Private Capital

£85,000,000

Revolving Line of Credit

Financing Event: Acquisition
PNC Deal Leader: Steve Buckmaster

We have a longstanding relationship with PNC and we are delighted to continue this. The support of PNC in providing these facilities was a key element in helping us complete the refinancing and simultaneous acquisition of Facelift.

__ David McNicholas | CEO, AFI Uplift