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September 14, 2018

Nixon Hire acquires Mechplant assets

Filed under: Latest News — EHN Team @ 11:44 am

In a multi-million pound deal announced today, the ownership of the equipment fleet of Durham-based Mechplant equipment will be transferred to Nixon Hire with immediate effect.

Mechplant, which forms part of Esh Construction Group, has parted with its plant equipment assets to streamline its business operations. The deal also sees Nixon Hire become the sole supplier of all large plant, and the primary preferred supplier of site accommodation, toilets and welfare products, for a period of at least four years to the wider Esh group.

The acquired assets are predominantly large plant items such as telescopic handlers, dumpers, compaction equipment and excavators. Continuing to base operations out of the existing Mechplant office in Bowburn, a number of employees will also be transferred as part of the deal.

MD Graham Nixon said, “Both companies are based in the North East of England and have worked successfully in partnership for many years now. When the opportunity to acquire the assets arose it was an obvious yes for us. Esh will be able to reinvest the cash into their core business.

“In addition they no longer have the hassle of running a hire fleet with concerns over issues such as purchasing new equipment, utilisation, compliance, maintenance, transport, breakdowns, residual values and equipment sales.

“This is an exciting period of growth for Nixon Hire and we estimate that this deal will secure approximately £12m of business in the region, a huge positive for the local economy.”

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