DLA Piper advises GFH Financial Group on acquisition of majority stake in Byrne Equipment Rental

DLA Piper has advised GFH Financial Group (GFH) on its acquisition of a 60% interest in Byrne Equipment Rental LLC, one of the GCC’s largest and most established industrial services and equipment rental platforms. The transaction marks another milestone in GFH’s strategy of investing in sector-leading, scalable industrial platforms in high-growth markets, aligned with regional infrastructure expansion and long-term value creation.

The GCC equipment rental market continues to experience double‑digit growth, driven by national development programmes, industrial expansion, and large‑scale projects across the region - particularly in Saudi Arabia. The acquisition positions Byrne to accelerate its growth strategy and deepen its presence in priority markets. Byrne serves a diversified client base of more than 1,100 blue-chip customers across the GCC, delivering sector-agnostic equipment and integrated services that support key industries including oil and gas, construction, utilities and events.

Richard Hughes, corporate partner at DLA Piper, comments: "We are delighted to have supported GFH on another landmark regional transaction, further demonstrating our team’s capability in executing complex cross‑border deals. This transaction highlights both the strength of GFH’s investment strategy and the continued appeal of the GCC’s industrial services sector. Byrne’s strong market position and operational depth provide an excellent platform for its next stage of growth with GFH’s backing. Congratulations to all parties involved on a successful closing, and well done to the DLA Piper team for its dedication and hard work in bringing this deal to completion."

The Dubai-based DLA Piper team was led by Richard Hughes. He was supported by legal director Nassar Nassar and associate Fawzi Zeini.