London-based private equity firm VGO Capital has invested in Spanish equipment rental company Homs Rental, marking a new growth chapter for the business following the exit of minority shareholder Suma Capital.

Founded in 2010 by the Homs family, the Catalonia-based company has grown revenues from €13m in 2018 to nearly €40m in 2023. It will continue to be led by brothers Vicenç and Marc Homs, who retain majority control.

VGO’s investment is expected to fuel Homs Rental’s national expansion and strengthen its position within Spain’s equipment and modular accommodation rental market. “This transaction represents an investment aligned with our philosophy of backing exceptional companies and management teams,” said Dietrich Charuel, Partner at VGO Capital.

The announcement coincides with Homs Rental’s acquisition of Subministres Industrials SM SL, a Catalonia-based specialist in portable accommodation and sanitation rentals. The acquisition adds 600 assets to Homs’ fleet and supports further diversification.

Headquartered in Mataró, Homs Rental operates across several key cities in Catalonia, including Barcelona, Girona, Sabadell, and Terrassa. The company rebranded from Germans Homs to Homs Rental in 2022 and was previously recognised at the European Rental Awards in 2019.

VGO Capital was advised by DC Advisory on the transaction.

Source: International Rental News