NPK International Acquires Grassform Plant Hire Limited
November 24, 2025
NPK International Inc. (NYSE: NPKI) acquired Grassform Plant Hire Limited for an all-cash purchase price of £35.2 million with potential additional consideration tied to trailing-twelve-month performance. Headquartered in Ingatestone, England, Grassform is a U.K. market leader in ground protection and temporary roadway solutions with a fleet of over 20,000 composite mats and reported £15 million revenue and £6 million EBITDA for the 12 months ended Oct 31, 2025; the acquisition expands NPK's U.K. rental footprint and scale.
- Buyers
- NPK International Inc.
- Targets
- Grassform Plant Hire Limited
- Industry
- Industrial Services
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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