Contractors/Plant Hire (Reading) Ltd
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KBS Corporate has advised on the multi-million pound management buy in of Contractors Plant Hire (Reading) Limited.
The acquisition, which completed on the last day of May, follows extensive interest in the Reading-based plant hire specialist in which KBS Corporate identified around 150 potential buyers resulting in over 30 interested parties before a deal was agreed.
Founded almost 20 years ago, Contractors Plant Hire has since grown the leading plant hire company across the South of England, specialising in the hire of mini diggers, excavators, dumpers and telehandlers. The company was brought to the market due to the outgoing shareholders’ intentions to retire.
Tom Eatough of KBS Corporate managed the deal through to completion on behalf of our clients and commented, “I am pleased that we have found a buyer who is keen to build on the success that [our clients] Shaun and Mark have had. They have built an exceptional company and it was a pleasure to work with them.”