City Lifting Limited acquires South East rival
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KBS Corporate has advised on the acquisition of Vertical Transportation Limited, a construction and crane hire specialist based in Leighton Buzzard.
Established for 35 years, Vertical Transportation offers a wide range of cranes, hoist, lifting and ancillary equipment for hire or purchase. The company upholds excellent relationships with its clients, who are made up of medium to large sized organisations operating within the construction sector, both in the UK (particularly London and the South East) and overseas.
The acquirer, Essex-based City Lifting Limited, specialises in crane hire in the South East of the UK. It sought to acquire a company that was similar in nature and in a different location, to allow for expansion and geographical reach.
With Vertical Transportation fulfilling this criteria, City Lifting presented an offer that exceeded our client’s original expectations.
Operations Director, Matt Clancy commented, “We are proud to have acted on behalf of Vertical Transportation and feel the two companies will provide a synergistic fit to one another due to their similar expertise, and differing locations. I wish both parties the very best for the future.”