Independently-owned commercial vehicle contract hire and fleet management specialist, Prohire Plc, has announced the acquisition of the capital assets and business of Nottingham-based RH Rentals for an undisclosed sum.
The RH Rentals operation will be fully integrated within the Prohire business and, to ensure RH's customers experience a seamless transition, the migration of the company's existing client contract base will be overseen by the Prohire senior management and customer support teams.
David Barlow, chairman and chief executive officer of Prohire Plc, commented: "RH Rentals has a significant rental and contract hire commercial vehicle fleet which is a perfect complement to Prohire's. The RH fleet includes rigid vehicles, tractor units and vans and these will be added to the range of vehicles available from Prohire to further enhance our offering to the commercial vehicle sector."
"I would like to thank Paul Jacques, our Group Financial Director, who headed up the acquisition along with the senior management teams of both Prohire and RH Rentals for their professionalism and cooperation throughout the acquisition process."
Prohire will further increase its fleet size by placing a significant order for new commercial vehicles over the coming weeks.