Ainscough appointed Price Waterhouse Coopers earlier this year to advise on the financial options available to the company. Options under consideration are thought to include a float, as well as private equity investment. The latest reports, in the Manchester Evening News, suggest that the finance arm of the Bank of Scotland will shortly conclude a deal to invest in the company.
A source with links to the company told Cranes Today that the plan was to use the investment to further build the company’s crane fleet. At this stage, the source said, it is not clear whether all of the Ainscough family will be continuing their involvement with the firm. Ainscough Crane Hire declined to comment.
