LONDONH: Dawsongroup, a leading independent asset leasing business, and KKR, a global investment firm, announced today that KKR has entered into a binding agreement to acquire Dawsongroup.
The acquisition is part of KKR’s Global Climate strategy aimed at scaling net-zero solutions and decarbonizing higher emitting assets, aligning closely with Dawsongroup’s sustainability goals.
Established in 1935 and headquartered in Milton Keynes, Dawsongroup has a diversified customer base and employs over 1,150 people across 11 countries. The company specializes in asset leasing, including vehicles and refrigerated boxes, and has developed a robust Smarter Asset Strategy to help businesses transition to net zero.
Dawsongroup has shown strong year-on-year growth, with a record Group EBITDA of approximately £250 million last year. Under KKR’s ownership, the company aims to expand its market presence and further its sustainability-led ambitions.
The Dawson family, who has controlled the Group for over 90 years, sees this partnership with KKR as a means to enhance Dawsongroup’s growth and benefit both customers and employees. The collaboration will accelerate the decarbonization of vehicle and asset leasing solutions and introduce an employee ownership program.
Stephen Miller, CEO of Dawsongroup, expressed enthusiasm for KKR’s support, stating, “KKR’s backing will accelerate our sustainable growth strategy and expand our unique offering internationally.”
Vincent Policard, Partner and Co-Head of European Infrastructure at KKR, highlighted the opportunity to drive sustainable growth, saying, “We see significant potential to electrify Dawsongroup’s fleet and expand into new geographies.”
Freya Dawson of the Dawson family added, “We are proud of Dawsongroup’s achievements and support this strategic partnership with KKR to continue our growth trajectory.”
With extensive experience in renewable energy and climate-related investments, KKR aims to leverage its expertise to support Dawsongroup’s development and contribute to a low-carbon future.
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