Mon, 17 Jul 2017 | MERGER
Renowned Yorkshire firm Essential Fleet Services has acquired vehicle contract hire business Go Plant in a deal which will create an £80m-turnover group.
Leicestershire-based Go Plant have provided road sweepers, refuse vehicles and other specialist equipment for almost 40 years.
Chairman of Go Plant, Vaughan McLeod, celebrated the move: "Having worked with the Wilson family for a number of years and with their strong support, we have been able to turn Go Plant into one of the largest and most successful providers of operated and self-drive specialist vehicles in the industry, and I am delighted that Essential has recognised this and this transaction creates a great opportunity for both companies to grow and deliver a wider range of vehicles and be a leader in this sector."
The deal with Lincoln-headquartered Essential will form one of the UK's largest providers of specialist and commercial vehicles with sales of £80m, more than 500 staff and 35 depots and service centres across the UK.
Andrew Cope, who will lead the enlarged group, said: "Our combined business is now the UK leader in the provision of specialist and commercial vehicle contract hire, maintenance, rental and driver operated vehicles, delivering a consistent UK-wide service powered by our network of dedicated workshops and knowledgeable teams.
"The combination of Essential with Go Plant is strategically and geographically complementary, and we're excited about the benefits we can bring to all of our customers through this transaction."
This financial advisory firm has an infrastructure in place to carry on operating profitably post-sale.
Hertfordshire based IFA with 75% of the business' assets with two major platforms, ensuring a smooth transition post-sale.
This firm has an average portfolio size per household above £0.5m, meaning you will be servicing high quality, profitable clients.
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