Independent tool hire firm GoHire has taken over the Grimsby depot of Caspian Access and Plant Hire, marking the start of major plans to expand into the wider Humber region.
The firm supplies customers within the construction industry as well as the renewables market. GoHire Hull completed the acquisition this month to include all assets and employees.
Over the next twenty-four months, Sally Wray, Managing Director of GoHire and Neil Garrison who is Managing Director of Caspian will continue working together through a period of transition.
Neil Garrison and Sally Wray
Sally explains: "We are thrilled to announce this news, it has always been my ambition to create new branches for GoHire, since purchasing Arnott Tool Hire in 2015 and now plans are coming to fruition. We already had a great relationship with Caspian as one of their customers on the scaffolding side, so when the opportunity came up to purchase their tool hire business, I didn’t have to think twice as the investment is made safe from both sides.
"Caspian Access and Plant Hire provides a very similar service to GoHire with the hire and sale of a range of equipment, as well as on-site repair services from a trained and experienced team. We plan to rebrand the Grimsby premises before the end of the year, by which time we could also have news on a third regional depot."
In 2015, Sally was new to the industry, having worked in adult education and Local Government. The feeling of something bigger and better persisted and the GoHire adventure began when Sally's daughter questioned the prince being the rescuer in a bedtime story - couldn’t the princess help herself? At this moment, Sally set about making significant changes. She says: "I was completely new to business and looking back I was completely out of my depth but I enrolled in business programmes with For Entrepreneurs Only and the Goldman Sachs 10,000 Small Businesses. Both support entrepreneurs to create jobs and economic opportunity by providing greater access to education, capital and business support services.
"I ploughed the lessons I learned from the experts into GoHire and now I am delighted that my growth strategy is working as planned. We were fortunate to recruit Rob Thompson, Depot Manager with over 30 years' experience in the industry. Rob will be a stakeholder in the business as a partner in the GoHire group, which will ensure the same outstanding levels of customer service he has provided and in the future."
GoHire's acquisition of Caspian includes; five Grimsby-based employees, two vehicles, the comprehensive hire fleet, plus, the goodwill generated over thirty years of business in the town.
Neil Garrison says: "We have worked with Sally and the team at GoHire for many years and enjoyed watching the business grow. This investment helps to consolidate our business in Scunthorpe where we concentrate on the supply and manufacture of scaffolding equipment. I am pleased to hand over the reins to Sally, her business model looks certain to propel GoHire on to big success."
Speaking of the last year in business, Sally adds: "2020 has been intense yet, despite the global pandemic, the construction industry in the Humber region remains buoyant. At the beginning of lockdown, we went quiet for a couple of weeks but in April we attracted a whole new audience - folks making changes to their homes and gardens during lockdown, taking on some serious DIY.
"As construction returned we have taken on more new account customers which meant that September has been a record month for GoHire Hull. Approximately ninety-five percent of our business continues to come from trade customers in construction and renewables and a small proportion is from the residential market."