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Executive Report : Executive news
Vp BUYS BRANDON
Vp plc has acquired the entire issued share capital of Brandon Hire Group Holdings Ltd and its subsidiaries for a cash consideration
of £41.6m, payable on completion and assumed net debt of approximately £27.2m. The acquisition has been funded from new banking facilities with the Group's lenders.
Brandon has over 900 employees and operates from 143 locations across the UK. Vp Chief Executive Neil Stothard told EHN that the intention is to retain all personnel, and to combine the business with Vp’s own tool hire activity Hire Station, headed by Brian Sherlock,
its MD - Core Tools. “We had been looking to expand Hire Station organically, but the opportunity to acquire Brandon has now enabled
us to do this in one fell swoop,” said Neil Stothard.
“Brandon is extremely strong in serving SMEs (small to medium sized enterprises) and that is where we want to be better established. Brandon also has a business culture similar to ours, is nearly 50 years old while Vp has been established more than 60 years, and both organisations have expanded steadily.”
Neil Stothard said that, while there is inevitably some overlap in Brandon and Hire Station depots, the latter tend to be in larger city-based locations, while many Brandon outlets serve smaller towns, and so complement each other. “Brandon is an excellent geographic fit with our current specialist tool hire operations and we expect this acquisition to be earnings enhancing to the Group in the first 12 months of ownership.”
For the year ended 31 December 2016, Brandon’s revenues were £79.8m, generating profits before interest, tax, exceptionals and amortisation of £6.0m from gross assets of £50.6m.
Charles Wilson shines with Trime
Charles Wilson Engineers, which recently opened a new depot in Huntingdon, has added more Trime X-Eco LED mobile lighting towers to its fleet, which are designed for low levels of fuel consumption and emissions. This brings its total number of these machines to more than 350, having already ordered 100 earlier this year.
Director Graham Pollard said, “The success we have enjoyed
in hiring out the Trime sets during the past year made this new investment in further X-Ecos an easy decision to make. Our customers appreciate the cost savings that the units offer and we enjoy the benefits of the long-life LED lamps and simple servicing. In addition, the compact dimensions of the machine mean that we can open up additional storage space and increase our transport vehicle fleet utilisation.”
GAP opens up in Bridgwater
GAP has opened a new depot in Bridgwater, Somerset. The new location is on a 0.6-acre site and will provide coverage in areas between the hirer’s existing Bristol and Exeter depots providing small tools, accessories and plant up to and including 3-tonne machines.
GAP’s South West Regional Operations Director, Andrew Feltham, said, “The new depot on Showground Road is in a good strategic location in south Bridgwater, with excellent access to the M5 and the on-going construction at Hinkley Point.” The company now has
over 140 locations throughout the UK.
Climbers reach new heights with Astley Hire
Astley Hire of Leigh is amongst several local organisations that have donated equipment and services to help with the construction of a training wall in Manchester. The facility will be used by the GB climbing team preparing for the 2018 Winter Olympics in Pyeongchang and the Summer Olympics in Tokyo.
The hirer provided a scissor lift free for ten weeks to help with constructing the 30m long by 5m high wall at the Rock Over Climbing centre in Manchester, which has been developed in a former warehouse and offers 24 different training challenges.
Centre owner, Tom Stewart, said that the machine enabled the project to be completed more quickly than anticipated and it was also used for roofing work.
CPA’s Colin Wood to retire
At the CPA’s recent Annual General Meeting, it was announced that Chief Executive Colin Wood will step down from the position at the end of the first quarter of 2018, and the process of recruiting his successor is under way.
Brian Jones, who was elected as President of the Association for the next five years, said, “We intend to build on the excellent work that has been done by Colin and his team, and to continue to support our Members and the plant hire sector to face the challenges that lie ahead.”
• See our report on CPA’s recent Plant Conference here.
Concord nominated for Hire Network Award
The Barking depot of Concord Lifting Equipment has been shortlisted as a finalist for the Hire Network Award, which recognises excellent performance at an individual location.
“We have dealt with the team at Barking for many years and they can always be relied upon to provide good kit and service, which is what hire is about,” Hire Network MD Barry Dean told EHN.
Two other finalists will be selected before the end of the year,
with the winner being announced at the Executive Hire Show.
Trelawny delivers more to Martin Plant Hire
Martin Plant Hire recently took delivery of several Trelawny machines to add alongside existing units in its fleet, after placing the order at our Executive Hire Show Scotland in Glasgow.
Models supplied included a TCG250 single head floor grinder (pictured), along with an MHS11 floor scabbler, TFP200 floor planers and TFS230 tile strippers, and were supplied through Trelawny’s distributor, Yokota UK.
Total delivery solution
Total Hire & Sales has added an eight-wheel Mercedes-Benz Arocs 3440 truck to its delivery fleet, complete with a platform body and folding ‘cheese wedge’ ramps for transporting wheeled and tracked machinery, built by Shawtrack Services.
The vehicle, which will be based at the company’s site accommodation branch in Little Eaton, incorporates a crane behind the cab for lifting and placing temporary office buildings weighing up to eight tonnes, as well as access equipment.
Although Total Hire needed the carrying capacity of a 32-tonne truck, the fact that it will rarely venture off-road, and not onto particularly rough ground, meant a conventional double-drive configuration was not required. Specifying a single drive axle gave a saving of approximately 600kg in weight and improved fuel economy.
The vehicle has replaced an ageing eight-wheeler from another manufacturer and is working alongside the hirer’s exiting 26-tonne Arocs with a beavertail plant body. “We commissioned that vehicle in 2015 and it has performed flawlessly,” said Total Hire’s Operations Director, Andy Hickingbottom. “Given this positive experience,
we decided to also base the bigger truck on a Mercedes-Benz chassis.”
Hilti’s charity work honoured
Hilti has been named as
the winner of
the Volunteer Company of the Year at the national 2017 WellChild Awards. Company representatives collected the Award at a ceremony at the Royal Lancaster Hotel in London, attended by the charity’s Royal Patron, Prince Harry.
Over the past two years, Hilti has provided funding and donated
over £5,000 worth of tools to a Helping Hands initiative, with staff volunteering to assist with 13 projects undertaking home and garden improvements for families of seriously ill children across the UK.
WellChild Project Manager, Lorna Pedersen said, “We always look forward to a project with Hilti. They support our Helping Hands programme with great professionalism but, at the same time,
their volunteers are really approachable which is vital when interacting so closely with the families whose homes we are working on.
This company truly deserves to be recognised with a WellChild Award.”
Hatz helps Robinsons meet demand
To meet demand from hirers, pump supplier W Robinson & Sons is stepping up production of its Hatz engine-powered sets, and particularly its Koshin 2in units and
RED B2/B3 diesel transfer models.
W Robinson’s Peter Hey said, “We are witnessing a real rise in demand for portable, diesel powered pumps, with the Hatz engine becoming a preferred option. Our customers
tell us that this is due primarily to the reliability of the units,
plus the quick and efficient availability of spare parts.”
The company assembles the pumps in the UK. Models include centrifugal, high pressure and trash duty units.
Rapid hoist expansion
After recently investing over £1m in 24 new powered access machines and two delivery vehicles, Rapid Platforms has followed this up by expanding its fleet of goods and passenger hoists.
The Hertfordshire-based company has taken delivery of 20 new hoists, ranging from Bumpa elevator hoists from Mace Industries, with a payload capacity of 80kg, through to Geda goods and passenger hoists with lifting capabilities of up to 850kg.
Rapid’s Hoist and Transport Manager, Paul Moss said, “This represents a substantial expansion of the range and type of hoists that we supply
and is due to an increase in demand from all areas of the construction industry. The Geda hoists are particularly popular because they can be dismantled into small components for use where access is restricted.”
Ten Doosan minis for Smiths
Smiths (Gloucester) Ltd, a family-owned business based in Stonehouse whose activities include plant hire, has purchased five new Doosan DX27Z mini excavators and five DX62R-3 models for its fleet.
The zero tail swing model DX27Z has an operating weight of 2,790kg when equipped with a cab and rubber tracks, and has compact dimensions to facilitate work in confined spaces and in restricted areas around buildings.
The 6-tonne DX62R-3 reduced tail swing model has been designed to maximise hydraulic performance, delivering a flow rate of up to 132 litres per minute. Smiths’ Divisional Plant Manager, Gerry Fehily, said, “We have run Doosan minis in the past and know they are cracking machines that are ideal for the hire business.”
• For the latest compact plant trends in hire, see our Market Report.
Service Pump adds Generac machines
Wigan-based Service Pump Ltd has added a range of Generac pumps to
its fleet, including 4in DWP-4S and 6in DWP-6S models. The silenced vacuum units are self-priming and are designed to deal with water including solids up to 75mm, sand and mud particulates. They also have a run-dry protection system.
The machines are offered for a variety of applications in construction, civil engineering, quarrying, mining and at industrial locations where high-volume fluid displacement is required.
New appointment at Harrington
Harrington Generators (HGI) has appointed Andy Collins as Sales Director for its commercial products range. He was formerly the UK Manager for Kohler-Lombardini Engines. HGI’s Martyn Drinkwater has moved to the new position of Director of Business Development, concentrating on other markets.
“Having worked extensively with HGI developing new products over many years, I am looking forward to this exciting new chapter,” Andy told EHN. “The Executive Hire Show has always been a fantastic event for HGI and for 2018 we will be launching several new diesel models, designed to provide a competitive offering to the industry whilst continuing to deliver reliable and fuel-efficient performance.”