Speedy Hire completed the acquisition of a 9.99% stake in ProService Building Services Marketplace for £35 m.

Speedy Hire, a provider of tools and equipment hire, completed the acquisition of a 9.99% stake in ProService Building Services Marketplace, a supplier of tools, equipment, and associated hire services in the UK and Ireland, for £35 m. "This transformational agreement with Speedy Hire marks a major milestone in scaling our marketplace business. The commercial agreement enables ProService to focus solely on its growing, asset-light marketplace model, unlocking significant value for our shareholders and customers. With increased scale and breadth, the business is now well positioned for profitable growth," Steve Ashmore, ProService Executive Chairman.