Briggs is a leading UK and Ireland based provider of materials handling (“MHE”) and specialist rental equipment, focusing on the leasing, maintenance, repair and fleet management of mission critical assets including forklifts, loaders and tow tugs. The business serves customers across a diversified range of infrastructure and adjacent sectors and benefits from contracted revenues, long-standing customer relationships, a diversified blue-chip client base and a high-quality installed fleet, providing a mix of downside protection and growth potential.
With a well-established brand, nationwide footprint of more than 40 depots, more than 850 engineers and a managed fleet of c.53,000 assets, Briggs is one of the largest independent MHE platforms in the UK.
Owned by Australian and UK pension funds, IFM has approximately US$177 billion under management (as at 31 December 2025) and manages investments across infrastructure equity, debt, listed equity, private equity and private real estate. The transaction strengthens IFM’s presence in the UK infrastructure market, where funds advised by IFM hold significant stakes in leading companies such as Manchester Airports Group, the M6 toll, Anglian Water and Nala Renewables. The UK remains one of IFM’s most important markets globally, with over £5.8 billion invested in the country over the past twenty years.
The transaction is subject to customary closing conditions and is expected to complete in Q2 2026.
Sarah Shaw, partner at Hogan Lovells, added: “We are delighted to be advising IFM on this strategically important investment. Our advice on this transaction showcases our ability to combine premium M&A execution with deep sector knowledge in infrastructure and infrastructure adjacent sectors.
The Hogan Lovells team advising IFM is led by partners Sarah Shaw and Hannah Logan, with support from partner Richard Goss, senior associates Taylor Harris and Kate Morrison Betts and associates Ben Littlewood and Hannah Dingemans.
