Hirepro Holdings UK Ltd acquires Liftright Access
We are delighted to announce the acquisition of Liftright Access Ltd by Hirepro Holdings UK Ltd, in an all share deal brokered by The Hire Exchange.
Liftright Access is a small but fast-growing powered access specialist with an excellent reputation for service and reliability. Based in Wilstead, Bedfordshire it serves the local Bedford, Luton and Milton Keynes areas and now also the surrounding counties of Cambridgeshire, Oxfordshire and Northamptonshire. Originally acquired in 2011 by husband and wife team Gary and Caroline Fleckney, the business has grown significantly as a specialist in the hire and sale of powered access equipment.
Said Roland Llewellin, Managing Director of Hirepro UK, “Liftright Access ticked all the boxes for us.
It is not only an excellent business in its own right, but gives us a foothold in the important powered access sector. It also extends our current coverage of the Central Southwest area through Surrey Hire and Sale to coverage of the Central /Southeast region through Liftright Access”
Gary Fleckney commented “Caroline and I are delighted to be working with Roland and Hirepro Financial Director Mathew Williams. The investment and resources that this team bring will certainly help us take the business to the next level.”
David Graham, Director of The Hire Exchange commented “This is a win/win situation in that both parties benefit from Day One. Hirepro UK extend their offer and network and Gary and Caroline, who are remaining with the business, get the resources needed to grow and the comfort of the proceeds of the sale. It’s a great example of how ‘Strategic Fit’ adds value to all parties”.