KKR, a global investment firm, has entered into a binding agreement to acquire Dawsongroup, a UK-based independent asset leasing business. The acquisition aligns with KKR’s Global Climate strategy, which focuses on scaling net-zero solutions and decarbonising high-emission assets.
Headquartered in Milton Keynes, Dawsongroup provides tailored leasing solutions across vehicles, refrigerated boxes, and other assets. The company employs over 1,150 people across 11 countries and reported record performance last year, with Group EBITDA of approximately £250 million.
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The Dawson family, which has owned and managed the business for over 90 years, supports the acquisition. KKR plans to implement an employee ownership programme, offering staff a stake in the company’s future success. Under new ownership, Dawsongroup aims to accelerate its sustainable growth strategy, expand internationally, and contribute to decarbonisation within the asset leasing sector.
Stephen Miller, CEO of Dawsongroup, stated: “KKR’s support will accelerate our sustainable growth strategy, enabling us to expand internationally while maintaining our focus on delivering market-leading services to customers.”
Vincent Policard, Partner and Co-Head of European Infrastructure at KKR, highlighted the firm’s commitment to advancing low-carbon solutions: “Dawsongroup is a key player in decarbonising mobility. By leveraging our global expertise, we aim to accelerate the electrification of Dawsongroup’s fleet and support the company’s expansion into new markets.”
The transaction is subject to regulatory approvals. Once completed, it is expected to enhance Dawsongroup’s ability to deliver innovative, sustainable asset leasing solutions globally.
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By GlobalDataKKR brings extensive experience in infrastructure and climate-related investments, having committed over $21 billion to the sector. Recent investments from its Global Climate strategy include UK-based transport electrification leader Zenobē.
KKR manages over $190 billion in private equity, $242 billion in credit, $77 billion in infrastructure, and $80 billion in real estate as of September 30, 2024, the company said on its website.
