Announced
Completed
Financials
Sources
Tags
hoist rack
Private
pinion rack
Completed
Acquisition
Single Bidder
Friendly
United Kingdom
Equipment Rental
Majority
Synopsis
Ashtead Plant Hire, a provider of rental equipment, completed the acquisition of Hoist-It, a specialist provider of rack and pinion hoists. Financial terms were not disclosed. ”The acquisition of Hoist-It strengthens A-Plant’s position as the UK’s leading plant, tool and equipment rental company. This is a really exciting acquisition for us, established in 1985, Hoist-It is a well-known and respected hirer of passenger and goods hoists. To help ensure everything remains very much business as usual, Hoist-It will continue to operate under their own name from their base in Wigan and importantly with the same dedicated people and systems in place, all of whom I am delighted to welcome to be part of A-Plant,” Richard Thomas, A-Plant CEO.
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