Acquisition History / NPK International Inc. / Grassform Plant Hire
NPK International Inc. Acquires Grassform Plant Hire
Announced November 24, 2025 — $47.5M
What happened
Grassform Plant Hire, based in Ingatestone, Essex and Worksop, supplies and installs trackway access roads, temporary roadways and site compounds using a fleet of over 20,000 composite mats. Texas-based, NYSE-listed NPK International bought it for £35.2M, about 5.8x EBITDA of £6M on £15M revenue.
- Acquirer
- NPK International Inc.
- Target
- Grassform Plant Hire
- Announced
- November 24, 2025
- Price
- $47.5M
- Industry
- Temporary access matting / plant hire
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did NPK International Inc. acquire Grassform Plant Hire?
NPK International Inc. acquired Grassform Plant Hire on November 24, 2025. This was NPK International Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did NPK International Inc. pay for Grassform Plant Hire?
NPK International Inc. paid $47.5M for Grassform Plant Hire.
What does Grassform Plant Hire do?
Grassform Plant Hire, based in Ingatestone, Essex and Worksop, supplies and installs trackway access roads, temporary roadways and site compounds using a fleet of over 20,000 composite mats. Texas-based, NYSE-listed NPK International bought it for £35.2M, about 5.8x EBITDA of £6M on £15M revenue.
What other Temporary access matting / plant hire companies has NPK International Inc. acquired?
Grassform Plant Hire is NPK International Inc.'s only publicly tracked acquisition in Temporary access matting / plant hire so far.