Equipment rental specialist Vp has acquired Brandon Hire Group for £41.6 million.
With over 900 employees, Brandon Hire is a major national tool and equipment hire business that operates from a network of 143 locations across the UK.
Vp said Brandon Hire operates a full range of tool hire equipment with an operational model which is closely aligned to it's own specialist tool hire business, Hire Station.
Jeremy Pilkington, Chairman of Vp, said: "The acquisition of a well established business of the size and quality of Brandon Hire is a significant development for Vp. We have, over recent years, developed an industry leading specialist tool hire business in the UK. This transaction represents a major step change in the scale and scope of our specialist tool hire offering.
"The Vp and Brandon Hire business cultures are closely aligned and we look forward to working with all of the Brandon Hire employees in developing the business further over the coming years."
Neil Stothard, Chief Executive of Vp, added: "Brandon Hire is a long established, well managed profitable business which is an extremely positive addition to the Vp group. With an extensive branch network, Brandon Hire is an excellent geographic fit with our current specialist tool hire operations and we expect this acquisition to be earnings enhancing to the Group in the first twelve months of ownership."
(LM/MH)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
20/11/2024
Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024
The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024
Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024
Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024
Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...
20/11/2024
Builders use water for various functions on the job, they utilise this resource for worker hygiene, hydration, concrete batching, grouting, dust suppression, drilling and piling. If companies mismanage this water use, they can increase their environmental impact. When the industry comes ...
20/11/2024
Edmond Shipway has been appointed to a pioneering initiative tackling homelessness in Greater Manchester, providing project management and cost consultancy services on the second phase of Embassy Village. Set to deliver 40 purpose-built homes for men facing homelessness in Manchester, Embassy ...
20/11/2024
West Sussex County Council is inviting residents to share their views on proposed transport improvements at the Hazelwick and Tushmore junctions on the A2011 Crawley Avenue. The proposals aim to make walking, cycling, and public transport more appealing for short journeys. This initiative is part ...
19/11/2024
McLaren Construction has commenced works at the first UK industrial scheme in the East Midlands for a joint venture with Garbe Industrial Real Estate GmbH and Invesco Real Estate. McLaren will oversee all aspects of construction for the £30 million project located in Shireoaks, Worksop - in the ...
19/11/2024
Pennyfarthing Homes has submitted a planning application for 74 new homes in Fordingbridge as part of its plans to build a neighbourhood of 342 homes on the northern edge of the Hampshire market town. The new development which is part of the wider scheme known as Forde Valley and follows ...