Rival acquisition of H&B Plant Hire
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H&B Plant Hire has been acquired by rival tool and plant hire company, FTH Hire Group.
H&B Plant Hire offers a wide range of professional machinery such as mini diggers, forklifts, dumpers and excavators to both trade and residential customers. The company, which prides itself on its comprehensive service, was sold just 5 months after an offer was agreed with FTH Hire Group.
With existing ‘Hub & Trade Counters’ in Farnborough, Guildford and Farnham, the acquisition will see H&B become the new Basingstoke hub as FTH Hire Group looks to further expand its geographical reach and take advantage of H&B’s large recurring customer list.
With over a dozen parties formally declaring their interest in acquiring H&B Plant Hire, KBS Corporate Deal Executive Sonia Cottrell noted that the excellent relationship forged between the buyer and seller as well as the obvious synergies between the two companies made for an excellent fit.