Keaveney Plant Hire acquires Suction Excavator and expands its fleet with Paragon funding
Kent-based Keaveney Plant Hire Ltd has added a state-of-the-art Suction Excavator to its fleet, thanks to financing from Paragon Bank.
The plant hire specialist, based in Ashford, secured £450,000 from Paragon's SME Lending Construction team to acquire the new asset, helping it to meet escalating business demands and expand its service offering.
The firm’s Managing Director, Andrew Keaveney, developed a strong rapport with Paragon's SME Lending team having previously secured financing from the bank. Keaveney Plant Hire Ltd is a division of the wider family-run business founded in 2007, The Keaveney Group. It’s recognised as a key supplier in the industry and combines family values and innovative technology, resulting in a cost-effective service with strong client partnerships.
The newly acquired ESE 6 RD RSP Suction Excavator is mounted on a Mercedes Benz Arocs 8x4x4 Chassis Cab with cutting-edge features, such as a fully hydraulic articulated hose carrier, and is the ideal solution for working at distances ranging from zero to six metres.
Thanks to the support of Paragon's Construction team, Keaveney Plant Hire Ltd can further commit to providing an array of equipment to its clients. Tracey Cronin, Business Development Manager in Paragon’s Construction team, led the deal on behalf of the bank.
Commenting on the funding secured from Paragon, Andrew Keaveney said: "Thanks to the support from Paragon Bank's SME Lending division we have secured the necessary financing to elevate our operations. The acquisition of the Suction Excavator enables us to meet the growing demand for this asset."
Commenting on the support provided to Keaveney Plant Hire Ltd, Tracey Cronin, Business Development Manager in Paragon's Construction team, said: "We are thrilled to assist Keaveney Plant Hire Ltd in its journey of growth and fleet expansion. Our partnership with Andrew Keaveney and his dedicated team has been further strengthened, and we take pride in continuing to provide financing solutions that drive its success."