KBS Corporate Completes Sale of Liver Plant and Tool Hire Limited
Liver Plant and Tool Hire is a well-established, independent provider of plant, machinery and tool hire and sales. The company was established in 2005 and over the years has continued to expand, earning an excellent reputation and establishing a prominent customer base, whilst also achieving several respected, industry-recognised certifications.
The shareholders of Liver Plant and Tool Hire, Peter Kay and Kim Herden, instructed KBS Corporate with the sale of their business in order to facilitate their retirement plans.
KBS Corporate implemented a research strategy with a key focus on trade buyers, this resulted in 23 interested parties being identified.
The successful offer came from City Tool Hire Ltd, an established independent tool hire company that serves the construction industry in London and South East. The acquisition will enable City Tool Hire to expand their geographic footprint within the UK.
Lionel Burgess, Director at City Hire, commented: “We’re really pleased to be able to extend the City Hire service to major cities in the North West through this acquisition. The team at Liver Plant share many of our values at City Hire and we’re looking forward to serving more customers in this region.”
Jacob Lord Corporate Deal Executive at KBS Corporate advised Liver Plant and Tool Hire throughout the process.