Vp has acquired Brandon Hire, one of the largest tool and equipment hire businesses in the UK. This is a significant deal at £69m enterprise value, representing a step change for Vp’s highly successful Hire Station business. Brandon is a long established, profitable business, which looks to be a strong cultural and geographic fit for Vp. We upgrade our FY19 PBT forecast by 14% and expect further benefits to accrue over the medium term. We consider this deal a genuine one-off, which should be wel ....
08 Nov 2017
N+1 Singer - Vp - Strategic acquisition of Brandon Hire
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N+1 Singer - Vp - Strategic acquisition of Brandon Hire
Vp plc (VP:LON) | 602 -45.2 (-1.2%) | Mkt Cap: 241.9m
- Published:
08 Nov 2017 -
Author:
James Tetley -
Pages:
5
Vp has acquired Brandon Hire, one of the largest tool and equipment hire businesses in the UK. This is a significant deal at £69m enterprise value, representing a step change for Vp’s highly successful Hire Station business. Brandon is a long established, profitable business, which looks to be a strong cultural and geographic fit for Vp. We upgrade our FY19 PBT forecast by 14% and expect further benefits to accrue over the medium term. We consider this deal a genuine one-off, which should be wel ....