Independent Plant Hire Group
Independent Plant Hire Group is a platform company executing a buy & build strategy in the plant hire sector with a focus on quality, regional hirers of contractors plant.
We have currently completed 3 acquisitions. SRBE also has a local builders’ merchants serving Milton Keynes contractors.
Merino and our co-investor & incoming Managing Director acquired SRBE, based in Milton Keynes, in 2015 from a larger construction business looking to divest a non-core asset.
IPHG acquired Morgans, a small local competitor, in late 2016 and acquired Jovic off of the retiring family in late 2017. This doubled the size of the business & expanded our geography from Milton Keynes & North of London towards Essex & the East.
Plant & Machinery
The business currently has thousands of pieces of kit and approaching 400 excavators & a comparable number of dumpers. The core product is 3T to 8T excavator but the business can supply all customer needs.
The business journey
Acquisition of Morgans, a competitor local to SRBE. IPHG upgraded the plant & worked hard to introduce the Morgans customer base in to the SRBE network.
IPHG completes the acquisition of Jovic & expands its presence into the East of the UK. The MD of Jovic joins IPHG as the lead of operations & all staff are retained as part of the acquisition.
IPHG continues to look for acquisitions and bolt ons in the sector, with a loose focus on within 100km of the M25 ring road. Please get in touch at firstname.lastname@example.org if you are looking to sell your plant hire business or represent a prospective vendor.
Extension to existing geography with the business based near Heathrow, London. Thames Valley Hire has been established since 1987 with a focus on smaller excavators, dumpers, and tools.