Go Plant Fleet Services raises £13m to buy more truck fleet

Deal will boost turnover by £6m, taking total revenue to £85m

Go Plant Fleet Services, one of the UK’s leading providers of specialist commercial vehicles, has bought 266 vehicles formerly owned by Gulliver’s Truck Hire in a deal worth more than £13 million.

The deal is expected to boost turnover by £6 million, taking Go Plant’s overall revenue to £85 million.

Go Plant Fleet Services is a portfolio company of private equity investor Endless LLP.

Matthew Jubb, investment director at Endless, said: “We are delighted to support Go Plant Fleet Services on this deal, which adds to a series of other outstanding achievements in the business over the last 12 months.”

Jubb added that Go Plant Fleet Services recently secured a major contract with Harrow Council worth £25 million.

Go Plant Fleet Services, which has headquarters in Leicestershire, provides commercial vehicles including refuse collection trucks, gritters, cage tippers and road sweepers on both short and long-term hire, as well as offering fleet management services, including repair and maintenance.

The company, which has 40 years’ experience in the industry, employs around 790 staff across 44 depots nationwide.

Mark Gallimore, commercial director of Go Plant Fleet Services, said: “This is a significant deal that will support major progress in key areas of our business.

“We’ve developed our nationwide operation with a series of acquisitions in the last 12 months and have taken care to ensure our growth is entirely sustainable.

“This latest acquisition strengthens both our contract hire and spot hire fleets, reinforces our status as a market leader and further enhances our capacity to deliver an all-encompassing solution for specialist commercial vehicles.”

Family firm Gulliver’s went into administration in December, but customers affected by the acquisition have experienced a seamless transition to Go Plant Fleet Services, according to Gallimore.

“Many of the vehicles involved in the deal are already out on contracts with environmental services companies and local authorities,” he said.

“We’ve taken over those contracts and will provide further support with our existing vehicles and services where it’s needed.”

Go Plant Fleet Services is a market leader in the provision of specialist commercial vehicles and associated services. Go Plant Fleet Services currently employs around 790 people at 44 depots and service centres across the UK.

Meanwhile, Nicola Coyne and Jason Maddern have joined the company in new roles of business development manager and commercial account manager respectively.

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Fleet Management