SHC Hire’s Acquisition of Hartley Hire
SHC Hire has completed the acquisition of tool and plant hire company Hartley Hire.
The seven-figure deal has been touted as the first chapter in SHC’s new buy-and-build growth strategy and will allow the company to increase its presence in the north of England.
Based in the South Lake District and north Lancashire, Hartley Hire is the trading name of A&W Tool Hire Ltd, a family-run business based in the South Lake District and North Lancashire. The company specialises in tools for trade and small plant equipment with branches in Carnforth, Kendal, Lancaster, Morecambe and Windermere.
SHC, a plant and tool hire supplier, expects that its acquisition of Hartley Hire will strengthen its current offering while expanding its reach in these areas. SHC managing director Neil Bravery stated that the company will roll out a new brand proposition to reflect Hartley Hire’s addition to the SHC group in the coming months.
Richard Smedley, Chartered Accountants & Business Advisors and Walker Foster Solicitors advised on the deal. Franklin Grange provided transactional support services.