The new acquisition will see Mulholland absorbed into the Thomas Plant Hire family, and become their leading depot north of the border - the business is headquartered in Polbeth, West Calder - between Edinburgh and Glasgow. The purchase is just the latest in a string of acquisitions that the Thomas Group has made in recent years.
Speaking of the news, Ian McMillan, head of business development at the Thomas Group said: “We are delighted to announce this latest acquisition. This is a good fit for us, as we have long had ambitions to cross the border into Scotland. Like Thomas Plant Hire, Mullholland is a family run business with very similar values to our own. Their ethos is aligned with ours, as is its fleet size. We envisage substantial growth in Scotland with this acquisition and 2024 will be a very exciting year.
"The new depot will be fully stocked in the coming weeks allowing us to offer the full range of equipment our clients across the UK have become accustomed to. The group's offering in Scotland will include both self-drive and operated machinery, so I would encourage any machine operators to get in touch and register with us for future works.
“A major part of our sustained growth in the plant hire sector has been through strategic acquisitions, with recent names acquired including Hogg Hire, Kaill Plant, Diggers of Bury and Hawkrent. Our market reach is ever extending as we see a continued growth of approximately 30%, year on year in terms of fleet size, and turnover.
“The changeover to Thomas Plant Hire takes place with immediate effect, with all employees being retained, and highly valued as the business transitions, with Steven Mulholland remaining in post to oversee operations. We also look forward to meeting all our existing customers, as well all the new ones we trust we will attract in Scotland as the Thomas Group name becomes established.”