Kiloutou Acquires ToolQuick in Strategic Expansion
Deal News | Oct 31, 2024 | Iberian Lawyer
Squire Patton Boggs is advising Kiloutou Group, a prominent French company known for renting machinery and tools, on its full acquisition of ToolQuick. ToolQuick, which operates in Spain, focuses on renting small professional machines for building maintenance, construction, and renovations. With operations in key Spanish cities such as Barcelona and Madrid, ToolQuick owns 30 branches and partners with construction material distributors, boasting a product range of 300 different items. Kiloutou, the second-largest machinery rental firm in France and third-largest in Europe, aims to broaden its reach in Spain through this strategic acquisition, adding ToolQuick's locations to its portfolio. The Squire Patton Boggs Madrid team leading this transaction includes partner Rafael Alonso, senior associate Manuel Gómez, and associate Jorge Bogu.
Sectors
- Construction Equipment Rental
- Legal Advisory
Geography
- France – Kiloutou Group is a major French company, marking its significance in this acquisition.
- Spain – ToolQuick is based in Spain, with operations spanning several major Spanish cities.
Industry
- Construction Equipment Rental – ToolQuick and Kiloutou operate within the construction equipment rental industry, providing machinery and tools for construction and maintenance needs.
- Legal Advisory – Squire Patton Boggs is involved as the legal advisor, guiding Kiloutou through the acquisition process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kiloutou Group | Buyer | Company | A leading French multinational specializing in the rental of machinery and tools, aiming to expand its footprint in Spain. |
| ToolQuick | Target | Company | A Spanish company specializing in the rental of small professional machines for construction and related markets. |
| Squire Patton Boggs | Legal Advisor | Company | A law firm providing legal assistance to Kiloutou in the acquisition of ToolQuick. |
| Rafael Alonso | Partner | Person | Partner at Squire Patton Boggs involved in advising on the transaction. |
| Manuel Gómez | Senior Associate | Person | Senior Associate at Squire Patton Boggs involved in advising on the transaction. |
| Jorge Bogu | Associate | Person | Associate at Squire Patton Boggs involved in advising on the transaction. |