As part of its growth strategy, Briggs Equipment has acquired Hiremech Ltd, enhancing its coverage and strengthening its presence in London and the South East.
The independent dealer based in North London will become a wholly owned subsidiary of Briggs and will continue to trade under its own name with all current operational contacts remaining in place.
Following completion of the acquisition, Hiremech Ltd will represent the Hyster and Utilev brands of fork lift trucks as well as having access to Hako and JLG equipment. Briggs recognises that Hiremech has produced consistent revenue and profit growth in recent years and believes that through being part of the Briggs group, Hiremech can fulfil its full potential going forward.
Peter Jones, Group Managing Director of Briggs Equipment commented, “We are delighted to be able to make this announcement and to welcome the team at Hiremech on-board. Bringing together two businesses with a breadth and depth of industry knowledge allows us to lay strong foundations to offer stronger support to our customers, improve efficiencies, benefit from economies of scale, and increase our market awareness and share for the future.
We are committed to meeting our owner Sammons Enterprises’ core objectives and providing a strong return on their investment, and this acquisition supports that objective.
] “We expect that Hiremech’s existing customer base will benefit from greater flexibility in financing, a wider choice of machines on long term rental and access to an extremely diverse range of equipment from Briggs’ Short Term Hire fleet.