The Smiths Hire senior team are excited to announce the acquisition of Formby Tool Hire. This bolt-on acquisition is part of their ongoing commitment to grow the business and offer their valued clients the benefits of additional regional coverage across the Merseyside area with two new depots in both Formby and Southport. The work begins to rebrand the two depots into Smiths Hire It Centres over the coming months.
Simon Thompson from Formby Tool Hire said: "I’m very happy to sell my family business to another 'like-minded' family business who can take the company to the next level. With a larger fleet including powered access machines and plant supported by 12 other local regional depots plus a commitment to further invest in the business, our staff and customers will really see the benefits of this sale. I feel very proud of what we have done together and for the future."
David and Thomas Smith say: "Formby Tool hire are a successful family business just like ours and have been trading for over 20 years, we believe they are a perfect cultural fit and will now benefit from additional investment, greater depth in resources and a broader range of kit availability moving forward."