Plant and tool hire company City Hire has acquired a rival business marking its expansion into the Midlands.
It has swooped on Birmingham and Telford-based tool and plant hire company Construct-Equip, in an all-share purchase.
City Hire, which has three distribution centres supplying London, Essex, Kent, and the South East and North West regions, is taking on both branches, including all staff and assets.
It plans to begin investing in the business immediately, starting with the purchase of new machinery to aid growth.
Construct-Equip owner Allan McCafferty will assist in the handover of day-to-day operations, before taking his retirement.
McCafferty has been with the company since its beginning in 1989 as a new venture of Diamond Products supplies.
“We have many existing clients with sites in Birmingham and the West Midlands region, and the acquisition will really help us serve these customers better and connect our North West operation with our London locations, giving us geographical coverage throughout the heart of England,” said City Hire sales director, Lionel Burgess.
“The team at Construct-Equip share many of our values and have built an excellent reputation in the area. We are really excited to start investing in the Midlands region and will ensure the two depots in Birmingham and Telford are fully stocked up with the same equipment range we have across the rest of the business.”
Adding: “This is another milestone for us in our strategic growth plan and the team is ready to continue growing throughout 2023 and beyond.”
McCafferty said: “I put down our success over the years to putting customers first, and it was important to sell to new owners that would continue that philosophy.
“It’s nice to know that all the reputation we’ve worked hard to build will pass into safe hands.”
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