ESSENTIAL Fleet Services has announced that it has completed the acquisition of Go Plant Limited for an undisclosed sum.
The transaction brings together two businesses with customers across the public and private sectors who will be able to access specialist vehicles and managed commercial services.
The combination of Essential and Go Plant creates a group with sales of £80million, over 500 employees and 35 depots and service centres across the UK.
Andrew Cope, executive chairman of Essential Go Plant, said: “This is a really exciting time for our new company, our people and our customers.”
“Our combined business is now the UK leader in the provision of specialist and commercial vehicle contract hire, maintenance, rental and driver operated vehicles, delivering a consistent UK-wide service powered by our network of dedicated workshops and knowledgeable teams.”
“The combination of Essential with Go Plant is strategically and geographically complementary, and we’re excited about the benefits we can bring to all of our customers through this transaction.”
Essential Fleet Services works with many local authorities and a range of corporate organisations in the utilities, highways, rail, construction and waste industries.
Vaughan McLeod, chairman of Go Plant, said: “Having worked with the Wilson family for a number of years and with their strong support, we have been able to turn Go Plant into one of the largest and most successful providers of operated and self-drive specialist vehicles in the industry, and I am delighted that Essential has recognised this and this transaction creates a great opportunity for both companies to grow and deliver a wider range of vehicles and be a leader in this sector.”
The growth strategy for the new group includes the development of a one-stop shop for customers with a single digital platform, a new spot hire and rental broking arm and a marketing plan to build a widely recognised and trusted national brand.