Merger creates vehicle hire mega-group

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."


Share this article



Latest Businesses for Sale

Manufacturer of Railway Infrastructure Products
East Midlands, UK

Designs and manufactures high-performance rail electrical products and cable accessories. Caters to major rail, underground and tramway infrastructure projects throughout the UK, Ireland and Europe. Offers invited.

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD


Haulage, Courier & Warehousing Services
North West, UK

Provides pallet pre-loading, storage and haulage on a 24/6 basis, as well as an array of complementary warehousing services. Bountiful asset list which includes 20 company trucks. Offers invited.

Asking Price: Offers Invited
Turnover: £2,480,000

LEASEHOLD


Golf Course & Driving Range with Licensed Clubhouse
Cambridgeshire, East of England, UK

Fantastic opportunity to acquire extensive and well maintained estate held on long secure renewable lease. Offers invited.

Asking Price: £675,000
Turnover: £675,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Jun
 

'All options' being explored for collapsed Welsh cheese maker | ADMINISTRATION

A cheese-making factory in Snowdonia has collapsed into admi...

 
25
 
Jun
 

Port Talbot construction business enters administration | ADMINISTRATION

A construction company based in Port Talbot has fallen into ...

 
24
 
Jun
 

Digital account provider snapped up by Morses Club | BUSINESS SALE

Sheffield-based U Holdings Limited, which trades under the n...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
03
 
Jul
 

Kier Group FPS sold in MBO | MBO/MBI

Kier Group's Fleet and Passenger Services (FPS) divisio...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources