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Microlease Acquires Hamilton Hall, an Asset Management Software Firm

Test equipment specialist expands its reach and asset management software with addition of Hamilton Hall Consultants.

Microlease, the leading test equipment rental and asset management organisation, has today announced that it has acquired the entire share capital of Hamilton Hall Consultants, an asset management software specialist based in Hampshire.

Microlease, which is backed by Lloyds Development Capital (LDC), the private equity arm of Lloyds TSB, offers a complete asset management service, based on its high level of knowledge and extensive industry experience. The acquisition will lift Microlease’s current asset management revenues as well as strengthen the software and systems available to the customers of both Microlease and Hamilton Hall. Strategically, Microlease also believes that the acquisition will further expand its reach, especially in the aerospace and defence markets.

“There is a growing need for asset management in our specific markets and we see the asset management arm of the business growing very strongly over the next 3-5 years,” says Microlease chief executive, Nigel Brown. “The acquisition of Hamilton Halll will give us the right product platform to be able to deliver world-class services to major corporates.

“Asset management feeds the growth of other businesses including rental and equipment sales. It is therefore an important driver in the growth of those businesses as well as in its own right.”

After more than 25 years in business, Hamilton Hall has relationships with firms in the commercial, defence and aerospace, fire security and rail industries; clients include BAE Systems, 2e2, Babcock and Quantel.

“Our LEO asset service management software has been extensively developed over many years and can help firms in a range of sectors to optimise the efficiency of their asset management services,” says Hamilton Hall Consultants owner director, Elizabeth Hall. “In future, we believe that the dynamic sales capability and worldwide reach of Microlease will help to significantly grow the business.”

Microlease CEO Nigel Brown added: “We are delighted that Hamilton Hall has now become part of the Microlease organisation. The firm will now benefit from greater financial strength and continued investment in the product. Together, we will be able to compete with any major software provider around the world and deliver greater capability for the benefit of our customers.”