‘Buy and build’ growth strategy sees tool and plant hire business acquired
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Yorkshire hire specialist SHC Hire has completed the acquisition of tool and plant hire company Hartley Hire in a seven-figure deal.
The deal represents the first chapter in SHC’s new buy-and-build growth strategy and sees the company increase its presence across the north of England. It’s the first acquisition of its nature for SHC since a 2016 MBO.
Based in the south Lake District and north Lancashire, Hartley Hire is the trading name of A&W Tool Hire Limited.
The family-run business was founded in 1984 and has branches in Windermere, Kendal, Carnforth, Lancaster and Morecambe. The company specialises in tools for trade and small plant equipment.
The acquisition of Hartley Hire by SHC will strengthen SHC’s current offering whilst expanding its footprint into the south Lake District and North Lancashire.
SHC already has depots in Skipton, Ilkley, Ripon and Northallerton. All 12 members of Hartley Hire staff were retained with the company.
The Hartley Hire arm of the business will be led by regional director Lee Hallsworth.
Hallsworth recently re-joined SHC after five years away from the business. Previously he held the role of operations manager at SHC.
Neil Bravery, SHC managing director, said: “We’re pleased to complete the purchase of Hartley Hire. Hartley Hire is a company that shares our values and there is a real synergy between the two businesses.
“This acquisition will benefit our regional clients in both Yorkshire and the south Lake District and North Lancashire.
“Going forward, our customers can be assured of the same, friendly personal service and commitment to quality that they have experienced at both SHC and Hartley Hire.
“This is our first purchase since the MBO, and it is just the start of things to come. In the coming months we’ll be rolling out a new brand proposition that reflects the addition of Hartley Hire to the SHC group.”
Founded in 1981 as Skipton Hire Centre Ltd, SHC was one of the first companies to be awarded the HAE’s prestigious ‘Safe Hire’ accreditation back in 2001.
The current management team of Neil Bravery and Richard Palmer (financial director) acquired the business through an MBO in 2016.