Ballyvesey Holdings acquires vehicle hire business
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Falcon Self Drive Limited (otherwise known as Falcon Vehicle Solutions), a national provider of vehicle hire services for commercial and private clients, has been acquired by Ballyvesey Holdings.
With a fleet of approximately 700 vehicles in operation, Falcon Vehicle Solutions is particularly prominent amongst clients across the South West of England, having developed an excellent reputation within the vehicle hire sector in the region.
Having built up the company over the course of 25 years, the shareholders of Falcon Vehicle Solutions decided to offer the company for sale in order to pursue alternative, unrelated ventures.
Established in 1970, Ballyvesey Holdings is a privately owned group based in Northern Ireland, whose main activities centre around road transport, trailer manufacturing and vehicle sale and rental.
Its acquisition of Falcon Vehicle Solutions will allow for substantial growth prospects, alongside potential for further consolidation of the vehicle and transport market. With subsidiaries already strategically located throughout the UK and Europe, Ballyvesey’s acquisition of Falcon Vehicle Solutions further strengthens its industry leading position, and will undoubtedly make way for new opportunities going forward.
Tom Eatough advised on the deal, and commented, “This was a hugely successful outcome for both parties, and I am sure that the acquisition of Falcon will further enhance Ballyvesey’s portfolio and make way for numerous synergies.
“Ballyvesey’s experience and reputation within the industry will undoubtedly provide Falcon with a platform and resource for future growth, expansion and operational success. I wish them all the best going forward.”