City Hire enters Birmingham with Acquisition of Construct-Equip
City Hire today announces the acquisition of tool & plant hire company Construct-Equip in an all-share purchase.
Construct-Equip owner Allan McCafferty will be assisting in the handover of day-to-day tasks before enjoying his well-earned retirement, spending time with children and grandchildren, as well as frequenting his favourite golf courses.
City Hire is taking on both the Birmingham and Telford branch including all staff and assets and will begin investing in the business immediately with plans in to purchase new machinery to aid growth.
Seller Allan McCafferty said: “I put down our success over the years to putting customers first, and it was important to sell to new owners that would continue that philosophy. I’ve been involved in Construct-Equip since it was initially set up in 1989 as a new venture of Diamond Products supplies, and it’s nice to know that all the reputation we’ve worked hard to build will pass into safe hands.”
Sales Director Lionel Burgess said: “We have many existing clients with sites in Birmingham and the West Midlands region, and the acquisition will really help us serve these customers better and connect our North West operation with our London locations, giving us geographical coverage throughout the heart of England. The team at Construct-Equip share many of our values and have built an excellent reputation in the area.
We are really excited to start investing in the Midlands region and will ensure the two depots in Birmingham and Telford are fully stocked up with the same equipment range we have across the rest of the business.
This is another milestone for us in our strategic growth plan and the team is ready to continue growing throughout 2023 and beyond.”