Flint Bishop are pleased to have acted for Sheffield-based Banner Plant Limited, a subsidiary of Henry Boot Plc, on its acquisition of Premier Plant and Tool Hire Limited.
Banner Plant Limited have acquired Premier Plant and Tool Hire Limited, which operates from two depots in Leicester and is one of the largest independent plant and tool hire companies in the East Midlands.
Premier Plant and Tool Hire Limited’s previous owner, Rob Hughes, will be remaining at the helm in his new role as General Manager Leicester.
Giles Boot, Managing Director of Banner Plant Limited, comments:
“The fact that Rob Hughes chose Banner Plant Limited to continue Premier Plant and Tool Hire Limited’s development speaks volumes for the respect we have for each other’s businesses. The Corporate Finance and Commercial Property teams at Flint Bishop helped to ensure that this friendly deal went through smoothly and on time. Together, under the Banner brand, we are a stronger proposition in both Leicestershire and our current area of operations. ”
Rachel Bennett comments:
“There are obvious synergies for the two businesses and clear respect between the individuals involved; I’m sure the combined business will go from strength to strength.”
Rachel was assisted by William Bowler and Commercial Property support was provided by Lucy Carter and Freya Bradley.
PwC provided financial due diligence to Banner Plant.
For more information, please contact our Corporate Finance team.