GFH Financial Group has acquired a majority stake in Byrne Equipment Rental, a leading GCC industrial services and equipment provider with a $400 million investment programme.

Founded in 1992 in Dubai, Byrne operates a fleet of 16,000 units across 14 offices and multiple depots in the UAE, Saudi Arabia, Oman, and Bahrain, including its Jubail hub.

Serving over 1,100 blue-chip clients across oil and gas, construction, utilities, and events, Byrne offers equipment and integrated services such as temporary power, modular buildings, and material handling solutions.

With GFH’s backing, Byrne aims to expand into new verticals, enhance its product range, and strengthen market presence, capitalising on the GCC’s growing equipment rental sector.

Hammad Younas, the Group Chief Investment Officer at GFH, said: "Byrne is a resilient, market-leading platform operating at the centre 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 per cent 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, said: "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 programmes across the GCC even more effectively, including major projects underway in the UAE and Saudi Arabia."