A-Plant boosted by double deal
Warrington-headquartered equipment hire company A-Plant has bought an air conditioning specialist and a hoist hire equipment provider.
A-Plant has acquired the business and assets of the hire and sale division of Rapid Climate Control out of administration. Neil Gostelow and William Wright, insolvency practitioners at KPMG, were appointed joint administrators of West Thurrock-headquartered Rapid Climate Control on Monday, 18 January 2016.
Immediately after their appointment, they sold Rapid’s hire and sale division to A-Plant, part of the listed Ashtead Group.
Neil Gostelow, director at KPMG and joint administrator, said: “The disposal of the hire and sales division to A-Plant is an excellent strategic fit combining Rapid’s first-class reputation in the hire and sale of air conditioning and heating units with A-Plant’s strong brand and broad customer base.
“The sale secures over 60 jobs for Rapid’s skilled and loyal workforce and secures the best possible return to the company’s creditors.”