Go Plant Fleet Services, a specialist commercial fleet provider has acquired a large proportion of the business and assets of Gulliver’s Truck Hire in a deal over £13m.
Go Plant Fleet Services provides commercial vehicles including refuse collection trucks, gritters, cage tippers and road sweepers on both short and long-term hire, as well as offering fleet management services, including repair and maintenance.
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It is owned by private equity business Endless, which said that the company’s latest major deal is expected to boost overall revenue to more than £85m, and remains based at its original headquarters in Leicestershire.
It merged with Lincolnshire-based Essential Fleet Services in July, 2017 – a move backed by Endless.
Mathew Jubb, investment director at Endless LLP, said: “We’re delighted to support Go Plant Fleet Services on this deal which adds to a series of other outstanding achievements in the business over the last 12 months.
“The team worked hard to deliver a seamless transition for customers to ensure minimal disruption to the existing contracts and a smooth integration of the new vehicles into the existing fleet.
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By GlobalData“Go Plant Fleet Services has also recently secured a major contract with Harrow Council worth more than £25m.
“2019 will be an exciting time for the business, further proving its capabilities and commitments to become a market-leading provider in specialist commercial vehicles.”
Mark Gallimore, commercial director of Go Plant Fleet Services, said: “This is a significant deal that will support major progress in key areas of our business.
“This acquisition will strengthen both our contract hire and spot hire fleets, reinforce our status as a market leader and further enhance our capacity to deliver an all-encompassing solution for specialist commercial vehicles.
“Many of the vehicles involved in the deal are already out on contracts with environmental services companies and local authorities.”
The Go Plant Fleet Services team were supported by the Endless LLP deal team, led by Matthew Jubb and supported by Linda Nguyenova.
The company, which was set-up 40 years ago, now has revenue of around £85m and employs around 600 staff across 44 depots in the UK.
