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Sale of Platform Sales and Hire to Speedy Asset Services Limited

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Sale of Platform Sales and Hire to Speedy Asset Services Limited

Sale of Platform Sales and Hire to Speedy Asset Services Limited

We have recently acted for Duncan Howard and Chris Caney on the sale of Platform Sales and Hire to Speedy Asset Services Limited, a wholly owned subsidiary of Speedy Hire PLC.

Platform Sales and Hire provide a comprehensive sales and hire service, providing specialist work platforms, powered access equipment and training to a range of industries, including the specialised Flying Carpet VM265 truck mounted scissorlift. They operate in all sectors including airports and construction and are based in Milton Keynes and Birmingham, operating across the Midlands.

Platform Sales and Hire has a strong reputation within the powered access hire equipment field in the UK and this acquisition by the UK’s largest hire provider, Speedy Hire PLC, will allow them to support an increased proportion of customer demand on a national basis.

Ian Morris, Principal in our corporate team said, “We were delighted to work with Stephen Orriss and Graeme Gladstone of RSM on this important local transaction which provides further evidence of the strength of the MK Corporate Finance community. We wish Duncan, Chris and their team the very best in their future relationship with Speedy Hire.

The EMW team was led by Principal, Ian Morris and consisted of Senior Solicitor, Kerry Jimenez, Solicitor, Habiba Kasker, Trainee Solicitor, James French and Due Diligence Manager, Lesley Hutton, with support from our Real Estate, Employment and Commercial teams.

If you would more information on this sale or any of our other recent deals, please contact Ian Morris on 0345 070 6000.