Halifax Invests in Pirtek Europe; Vision Capital Exits
February 12, 2015
The Halifax Group has announced an investment in Pirtek Europe, a franchisor of emergency hydraulic hose replacement services. Halifax and management provided the equity for the transaction, which saw Vision Capital exit its stake in the company after an eight-year hold. At the end of 2014, Pirtek Europe consisted of 125 franchisees managing 171 centers across six countries. It is part of a worldwide Pirtek network operating under the global brand with Pirtek USA and Pirtek Fluid Transfer Solutions.