The corporate team at Pannone Corporate has advised tool hire company Supply UK Group on its acquisition by Dutch counterpart, Boels Rental.
Stockport-based Supply UK, which was founded in 1998 and operates from 25 locations across the UK, was bought by Boels for an undisclosed sum.
Supply UK Group managing director Chris Haycocks will continue to lead company which will be rebranded as Boels.
He said: “Boels investment will enable us to offer an ever-increasing selection of new equipment during our next phases of growth.”
Corporate partner Mark Winthorpe led the Pannone Corporate team which advised the shareholders of Supply UK. He was assisted by Andrew Walsh and Brogan Pani.
Mark said: “The dynamic management team at Supply UK has grown the business into a leader in the tool hire industry and the acquisition by Boels will enable it to further develop its services and reputation for providing the highest level of customer service in the sector.”
Ed Brentnall of Dow Schofield Watts carried out financial due diligence and Mike Blood and Sara Bluston of JMW provided legal advice to Boels.
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