RAICH & LOPEZ ROYO has represented the partners of DINA-RENT during its sale to COALCI
COALCI, a company that is wholly owned by the García–Almirall Family and was founded in 2005, with a market-led approach to work at height solutions for all types of projects and with the aim of meeting its customers’ needs, has completed a major deal with the purchase of the company DINA – RENT, owned by the Sagrera and Xavier Castillo families, which also leases machinery and has over 30 years of experience in the sector and a large fleet of industrial forklifts, fixed and rotary telehandlers and also elevating work platforms.
With the acquisition of the company DINA – RENT, COALCI has established itself as one of the leading companies in the machinery rental sector, with the companies having a combined fleet of over 800 machines and a combined turnover of more than €6,000,000, with the ambition to continuing to grow and continuing to provide a wide range of work at height solutions to its customers.
FERRAN SAGRERA UMBERT remarked that he was extremely pleased that it was possible for the company, of which he has been a majority shareholder since its inception, to be bought by a family-run company with the same approach to business.
MONTSERRAT ALMIRALL CIVIT, Financial Director of the COALCI Group affirms that the inclusion of both companies on the consolidated balance sheet will generate EBITDA of €2,200,000, with shareholders’ equity of €5,000,000 and fixed assets of €9,000,000 on the balance sheet.
Both companies, with complementary product ranges and approaches, will soon be focusing their operations in the new facilities that COALCI recently opened in La Roca del Vallés, in the province of Barcelona, with sufficient capacity to continue growing and store more machinery to meet the needs of its customers.
The SAGRERA UMBERT and XAVIER CASTILLO families were advised throughout the process by CAMIL RAICH, DANIEL PUIG and MONICA MORALEDA, lawyers from the firm RAICH & LOPEZ ROYO, and the GARCIA – ALMIRALL CIVIT families were advised by the firm of the lawyer JOSÉ Mª CALVO MALLOFRE.