GFH Financial Group has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the leading providers of industrial services and equipment rental in the GCC.
The acquisition is strategically aimed at supporting the region’s rapidly expanding project and infrastructure sector.
With GFH’s support, Byrne will focus on entering new verticals, enhancing its product range, and deepening its presence in priority markets. The partnership will also leverage the technical strength of Byrne’s operating partners to further reinforce the company’s competitive advantage.
“Byrne is a resilient, market-leading platform operating at the center of the region’s most dynamic sectors. Its operational scale, strong customer relationships, and technical abilities make it exceptionally well placed to benefit from the substantial pipeline of regional megaprojects. Through this acquisition of a 60 percent stake, we aim to accelerate Byrne’s growth trajectory and expand its footprint across strategic GCC markets, including the UAE and Saudi Arabia, where demand for high-quality industrial and rental solutions continues to rise.”
Patrick Fallon, the Deputy CEO of Byrne Equipment Rental, noted that, “Partnering with GFH opens significant new opportunities for Byrne. Their regional scale, investment experience, and long-term commitment will enable us to strengthen our service offerings, deploy more advanced solutions, and continue delivering the reliability and operational excellence our clients expect. This next phase of growth allows us to support national development programs across the GCC even more effectively, including major projects underway in the UAE and Saudi Arabia.”
Byrne
Founded in 1992 in Dubai, UAE, Byrne has evolved into a major regional operator offering a comprehensive ‘one-stop-shop’ rental model with a fleet of approximately 16,000 units. The company operates through 14 offices and a network of depots across the UAE, Saudi Arabia, Oman, and Bahrain, spanning more than 153,000 sqm.
This includes its flagship Jubail depot, one of the largest logistics and operations hubs of its kind in Saudi Arabia. The company has consistently delivered steady growth in profitability, having achieved approximately 20 percent growth last year, and is strongly positioned to continue this growth trajectory.
