As part of its growth strategy, Briggs Equipment has executed a purchase agreement to acquire Hiremech enhancing its coverage and strengthening its presence in London and the South East.
We will become a wholly owned subsidiary of Briggs and will continue to trade under our own name with all current operational contacts remaining in place. Following completion of the acquisition, we will represent the Hyster and Utilev brands of fork lift trucks as well as having access to Hako and JLG equipment. Briggs recognises that we have produced consistent revenue and profit growth in recent years and believes that through being part of the Briggs group, we can achieve superior growth and fulfil our 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. The acquisition allows us to lay strong foundations for the future of both businesses. Bringing together two customer-centric companies to share knowledge and expertise will help us continue to enhance our proposition and further differentiate the Briggs’ offering.”
Paul Green, Managing Director of Hiremech added, “The acquisition of Hiremech by Briggs is great news for our loyal employees and customers. This will mean we can continue to strengthen our position in the local market through the support and benefits that come from being part of a national business.
“We expect that our 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.”
“We look forward to representing a strong brand in Hyster, and an even broader portfolio of complementary products.”
For more information on Briggs Equipment visit www.briggsequipment.co.uk.