Mulholland Acquisition
In November 2023, Thomas Plant Hire acquired Scottish specialist Muholland Plant Services Ltd, adding to our 13 depots across the UK. This acquisition followed a string of successful acquisitions that we have made in recent years, allowing for the new Scotland depot to be our leading depot in the North.
Ian McMillan, head of business development for the Thomas Group, says: “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.’’
“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.”
This has been an exciting acquisition for us, with already notable hire increases and customer satisfaction levels. Adding Mulhollands extensive fleet to our inventory has proven strategically viable and has created new customer relationships and extensive area coverage.
We are excited to see what 2024 brings!