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- Strategic Growth Acceleration: KKR’s investment will support Dawsongroup’s expansion into new markets and reinforce its sustainability-driven growth strategy.
- Fleet Decarbonization: The partnership focuses on electrification and transitioning to net-zero solutions, aligning with Dawsongroup’s Smarter Asset Strategy.
- Employee Ownership: KKR will implement an employee ownership program, enabling staff to share in the company’s future success.
KKR, a leading global investment firm, has announced a binding agreement to acquire Dawsongroup, a prominent asset leasing company. This partnership will accelerate Dawsongroup’s sustainable growth and fleet decarbonization efforts.
Stephen Miller, CEO of Dawsongroup, emphasized the significance of KKR’s backing:
“KKR’s support will accelerate the launch of our sustainable growth strategy by continuing to deliver market-leading services for our customers in the UK… and providing a real opportunity to expand our unique offering internationally.”
Building a Sustainable Future
Headquartered in Milton Keynes, UK, Dawsongroup has been a leader in asset leasing since 1935, with a focus on vehicles, refrigerated boxes, and energy-efficient solutions such as EVs, solar power, and battery storage. Its Smarter Asset Strategy enables cost-effective net-zero transitions for its diversified customer base.
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Vincent Policard, Partner and Co-Head of European Infrastructure at KKR, highlighted the partnership’s role in advancing decarbonization:
“We see a significant opportunity to accelerate the electrification of Dawsongroup’s fleet… and aligned with KKR’s commitment to advancing the transition to a low-carbon future.”
Last year, Dawsongroup reported record EBITDA of approximately £250 million. Under KKR’s ownership, the company aims to expand globally and deepen its sustainability initiatives.
Employee Empowerment
A unique feature of this partnership is the introduction of an employee ownership program, reflecting KKR’s commitment to shared success. Freya Dawson, representing the founding family, stated:
“Combining Dawsongroup’s highly experienced management team with the knowledge and experience of the KKR team… we believe the impressive trajectory achieved to date can accelerate even further.”
KKR’s Climate Commitment
This acquisition is part of KKR’s Global Climate Strategy, which has invested over $21 billion in renewable energy and climate-related projects. Previous investments include Zenobē, a leader in transport electrification and battery storage.
The transaction is pending regulatory approval and marks a pivotal step in the evolution of sustainable infrastructure and asset leasing solutions.
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