It's been purchased by a UK company.
Laois Hire has been sold for a reported €11.2 million.
UK company Briggs Equipment has acquired the business, which has become one of Ireland's leading plant hire companies over the last 20 years.
Briggs has confirmed the change in ownership from the HSS Hire Group will not result in any job losses or changes to the seven bases, including at Portlaoise and Portarlington.
Laois Hire will also continue trading under its own name, with all current operational contacts remaining in
place.
Briggs says it's looking to develop its presence in Ireland and has also purchased Dublin-based business Balloo Hire Limited.
Peter Jones, Briggs Equipment’s Group Managing Director, commented:
“We are delighted to have completed the acquisition of both Laois Hire and Balloo Hire Limited. Both businesses have a strong track record of delivering value within the Irish plant hire market and we’re confident that with the backing and support of the Briggs Equipment Group, the businesses will go from strength to strength.”
“Over recent years, we have worked hard to build our presence within Ireland’s materials handling sector and we’ve had good success in this area. These acquisitions enable us to further diversify our offering and provide a comprehensive and cohesive proposition that now includes plant hire across the entire island of Ireland.”
“Despite the challenges that the Coronavirus pandemic has presented over the past year, we are committed to pushing forward with our business development and acquisition strategy. This acquisition demonstrates the robustness of our business and our ongoing commitment to strengthening our market position.”
“We look forward to working closely with the teams at both Laois Hire and Balloo Hire and supporting their future growth and product expansion as part of the Briggs Equipment Group.”
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