IFM Investors announces investment in leading materials handling and specialty rental leasing platform in the UK and Ireland

A fund managed by IFM Investors, has agreed to acquire 100% of Briggs Equipment UK Limited (“Briggs”) from long‑term owner Sammons Enterprises Inc.

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.

We believe 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 billion¹ 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.

Quote attributable to Deepa Bharadwaj, Head of Infrastructure Europe at IFM Investors:

“We are pleased to partner with Briggs as it enters the next stage of its development. As a well-established business operating within the infrastructure value chain, we believe Briggs is well positioned for success, and we see opportunity to support management’s growth strategy and aim to drive long-term value creation.”

Quote attributable to Peter Jones, Managing Director at Briggs:

“We are pleased to welcome IFM Investors as our new partner. The team at IFM share our values, vision and commitment to providing mission-critical equipment to our valued customers. Their investment builds on all that has been achieved to date, and we look forward to working together to cement our position as a leader in materials handling and specialist rental in the UK and Ireland.”

About IFM Investors

IFM Investors was established more than 30 years ago with the purpose to invest, protect and grow the long-term retirement savings of working people. Owned by Australian and UK pension funds, the organisation has approximately US$177 billion under management (as at 31 December 2025). IFM invests on behalf of more than 700 like-minded investors worldwide. Operating globally from offices in Melbourne, Sydney, London, Berlin, Zurich, Amsterdam, Milan, Warsaw, New York, Houston, Hong Kong, Seoul and Tokyo. IFM Investors manages investments across infrastructure equity, debt, listed equity, private equity and private real estate.
For more information, visit www.ifminvestors.com.

About Briggs Equipment UK Limited

Founded in 2006, Briggs Equipment UK Limited is a leading independent provider of materials handling equipment and services, operating across the UK and Ireland with a nationwide footprint. The company manages c.53,000 assets, serves a large and diversified customer base across industrial and logistics end-markets, and is recognised for its service quality, technical capability and long-standing customer relationships. Briggs employs c.2,000 people and is led by Managing Director Peter Jones, who brings over 20 years of deep sector and operational experience.

About Sammons Enterprises Inc.

Founded in 1938 and headquartered in Dallas, Texas, Sammons Enterprises, Inc. is a privately held, employee‑owned holding company with a diversified global portfolio spanning industrial equipment, financial services, infrastructure and real estate. Sammons is one of the largest private companies in the U.S., with approximately $12 billion in annual revenues, $157 billion of assets and 6,800 employee‑owners worldwide.

Within its industrial portfolio, Sammons has been a long‑term owner of Briggs branded materials handling equipment businesses across the U.S., Mexico and the UK, supporting their growth through stable ownership and strategic investment.

[1] As of March 2026