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Your Business
5 mins to read

‘Worse than the GFC’: Hirepool banks on gains in 2026

The equipment rental operator has cut staff and consolidated branches to make it match fit for the economic recovery.

Hirepool has come through the worst economic period in recent decades.

Jonathan Mitchell Mon, 16 Mar 2026
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Private equity-owned Hirepool is slimmed down and carefully putting bets on a recovery this year and return to profitability sooner than later.

The business has been heavily affected by the recession and broader pullback in construction and manufacturing activity post-Covid-19. As a direct result,

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Jonathan Mitchell Mon, 16 Mar 2026
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Your Business Hirepool New Zealand Construction Brian Stephen Economy RBNZ Next Capital

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‘Worse than the GFC’: Hirepool banks on gains in 2026
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