A plant hire firm based in North Wales has secured a 拢100m funding package to support an ambitious expansion. RSM 海角视频鈥檚 debt advisory team has helped Thomas Plant Hire Limited secure the funding package from HSBC, NatWest and Barclays.
Established in 2000, the company is a leading plant hire and groundwork operations business, working with 海角视频 contractors to supply plant and equipment for government-led infrastructure projects. The Holywell based business also works with housing developers nationwide with 140 staff employed to support customers across the 海角视频 from eight depots including South Wales, Birmingham, and Bolton.
In securing the funding package, the company, owned by CEO Wyn Thomas, will be able to drive forward with its next phase of growth, which includes improving efficiency and increasing the flexibility in the financing structure, and financing its capital expenditure programme. It comes in response to significant demand to help grow 海角视频 infrastructure services and retain jobs.
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RSM鈥檚 Ashley Suter, Umito Choji, Ed Spearing and Jack Williams advised Thomas Plant Hire Limited on the funding package to support the Company鈥檚 next phase of acquisitive growth. DLA and Weightmans provided legal advice on the deal.
Ashley Suter, who leads RSM鈥檚 debt advisory service in the North West and Wales, said: 鈥楢s one of the 海角视频鈥檚 leading plant hire businesses, the funding secured will enable Thomas Plant Hire Limited to take the next steps in its ambitious growth strategy and continue to serve its diverse customer base, all while playing an integral role in supporting the Government鈥檚 Covid-19 recovery plan.鈥
