Vp has announced the bolt-on acquisition of M&S Hire this morning, for £2.8m in cash. M&S Hire supplies access systems and working at height solutions to the commercial fit out sector. The business will be integrated with Vp’s existing, successful MEP Hire business. We make no changes to forecasts this morning, given the fairly modest scale of the transaction, but the news is noteworthy as the Group’s first acquisition to be announced since 2019, providing a reminder that selective M&A is likely ....
17 Nov 2021
Bolt-on acquisition of M&S Hire
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Bolt-on acquisition of M&S Hire
Vp has announced the bolt-on acquisition of M&S Hire this morning, for £2.8m in cash. M&S Hire supplies access systems and working at height solutions to the commercial fit out sector. The business will be integrated with Vp’s existing, successful MEP Hire business. We make no changes to forecasts this morning, given the fairly modest scale of the transaction, but the news is noteworthy as the Group’s first acquisition to be announced since 2019, providing a reminder that selective M&A is likely ....