Listed hire specialist continues acquisition trail

Harrogate-headquartered listed hire firm Vp has acquired Sandhurst for £3.3m.

Sandhurst,  founded in 2004, rents specialist excavator attachments to the construction and civil engineering sectors from five locations across the UK. Vp said the newly acquired business would work alongside and complement its Piling business within Vp’s UK division.

Jeremy Pilkington, Chairman of Vp, said: “The acquisition of Sandhurst adds another new product specialisation to Vp’s UK portfolio and I am delighted to welcome the experienced Sandhurst team to the Vp Group.” 

During the year to March 31 2018, the firm acquired four UK businesses as part of its strategy to grow and develop its services further. It continued its acquisition trail into the current financial year. For the six months ending 30 September 2018, the listed firm reported a rise in pre-tax profit to £23.9m, compared with the £20.3m achieved the year before. Revenues also soared 42% to £193.2m.