Construction machinery firm expands horizons with North East acquisition
Mechplant North East Limited has recently acquired a North East excavator and machinery rental firm.
D&K Plant Hire provide plant and equipment to various construction businesses in the North East, whist Mechplant is one of the longest established names within the regional plant hire industry.
The acquisition will further consolidate Mechplant’s position as one of the leading plant hire services in the region.
Corporate finance advice was provided to the shareholders of Mechplant by Chris Hird of Haines Watts and legal advice was provided by Martyn Tennant of Swinburne Maddison. John Hammill of Square one Law acted for the sellers.
Speaking on the acquisition, shareholder of Mechplant, Stephen Makinson said: “We have acquired a well-established business with an excellent reputation within the Plant Hire industry. Now, we look forward to developing and building on the good work achieved by the previous owners.
“There was an end of year completion deadline required by both parties and the advice and support provided by Haines Watts enabled the deal to be completed as scheduled.”
Chris Hird, corporate finance associate partner at Haines Watts added: “This was a great deal to be involved in and this provides Mechplant with a strong regional presence in the construction plant sector to add to their existing heavy crane capability.”
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