First Private Equity Investment in Romania’s Equipment Rental Sector

Started in 2005, Industrial Access managed to grow rapidly and become the only access equipment rental company in Romania with a national presence. The company’s core activity is the short-term rental of small and medium-sized access equipment to construction companies for use in building, infrastructure and public works. Its fleet comprises 140 units, operating from 5 locations throughout Romania. This year the company started operations on the Bulgarian market.

The new investment is consistent with Balkan Accession Fund strategy of partnering with organizations in selected fast-growing sectors. Industrial Access has an experienced management team, a strong cash-flow and a culture to create and secure value-added services for its customers. Balkan Accession Fund shall use its proven experience in growing financial companies to help Industrial Access secure the funding required by this capital intensive sector. Company’s strategy is to increase its market share and geographic coverage by opening new branches across the country, expand in the region and seek in the equipment rental market potential acquisitions.

Dr. Horia Manda, the managing partner of Balkan Accession Fund, commented: “We anticipate good growth prospects for the construction and civil works market for the coming years in Romania and in the South-Eastern Europe region and even a better outlook for the rental business which is still in an infancy stage here. For Industrial Access’s employees, our more than 10 years of experience investing in and developing financial, industrial and service businesses is a guarantee for a high-professional working environment in a rapid growing company”.

“We are very pleased with Balkan Accession Fund becoming the majority shareholder of Industrial Access as it will help us to achieve our ambitious strategic plan and consolidate our financial structure. The integration of the Fund’s capabilities with the strength of the management team creates a winning combination that assures a promising future for Industrial Access as a leading regional player in the rental equipment industry” said Mr. Stefanita Ponea, the founder and the CEO of the Company.