Hireall on acquisition trail with JHS activity

Dublin-based event-hire firm Hireall has acquired two divisions of catering and furniture-hire supplier Johnson Hospitality Services (JHS) for an undisclosed amount.

Chairman Greg Lawless and business partner Dermot Divilly are the new owners of finishing touches supplier Well Dressed Tables and JHS Bristol.

The move comes on the back of previous acquisition activity on the part of Lawless and Divilly, who, along with Hireall managing director Joe Barrett, bought 70% of furniture-hire firm Spaceworks from managing director Paul Turney in October last year.

The remaining 30% is owned equally by Spaceworks sales director Simon Durrell, operations director Iain Booth and Turney.

Prior to the sale, Lawless and Divilly launched a holding company called Spaceworks Investment Capital, with the intention of acquiring and then expanding the business.

"The holding company will enable Spaceworks to create new products and open other offices," said Durrell. "From January, I will be able to reveal its plans to offer the industry a better service. Board members are predominantly from Spaceworks. Other investors are there for support and do not take an active day-to-day role in the running of the company."

Lawless said: "Divilly and I have been working with Spaceworks for the past two years and had been talking about buying it for about 12 months."

Spaceworks managing director Turney said: "I am delighted we have managed to yet again take steps to ensure that Spaceworks continues to grow."

Spaceworks supplied more than 52,500 pieces of furniture for the Ryder Cup at the K Club in Ireland, from 22-24 September 2006.

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