74 DEALMAKERS
A GROUND BREAKING
ACQUISITION A deal bringing together two of the
North West’s heavyweight operators in the construction sector has created a £50m-turnover haulage and plant hire group with growth in its sights.
Fox Brothers, the Blackpool-based haulier of aggregates, recycled materials and earthworks contractor, has acquired Clive Hurt Plant Hire in
Paul Fox, group managing director of Fox Brothers, is in no doubt that the acquisition will
opportunities to compete for larger projects in terms of scale, scope and complexity, as well as
Fox Brothers and Clive Hurt Plant Hire will continue under their existing brands, and day- to-day operations will be carried out from their
opportunity to unlock the potential of both now, it will create further opportunities for the strong skillsets that can be brought together
earthworks and aggregates transport in the North West and we will be able to provide a ‘one-stop shop’ solution for housebuilders, infrastructure, have the capability to tackle larger and more
the combined group’s buying power for wagons,
Expert view BE PREPARED FOR A RISE IN ACTIVITY by David Filmer partner Forbes corporate team
The impact of Covid-19 is the driving factor in changing the ways deals will be shaped in the post-lockdown world. The future remains uncertain, but we expect key themes to emerge.
become more assertive - for businesses that have managed to maintain a strong will emerge strongly to take advantage of
expect buyers to scrutinise sellers to sell at lower valuations as seen in previous
Following the protection of portfolio companies, Private Equity houses (PE) remain highly liquid and have money to
It is likely that PE funded deals will continue to look for new platforms as well as an upward rise in bolt on acquisitions for their
home improvements industries have been to thrive post-lockdown as appose to the hard- hit sectors, such as the hospitality, leisure and retail sectors, where the uncertainty of
Somewhat surprisingly, strategically placed
manufacturers continue to buck national
Tips
• Prepare - assess business continuity plans, review supply chain disruptions, and ensure
• Be creative - consider alternative ways to and think of creative ways to overcome obstacles, such as communication to maximise exposure and business
• Consider government assistance - the UK government offers a wide range of programmes to aid businesses and
John Flood, commercial and strategic director position to look for more complex, high-value work more outside the North West and we’re
specialises in the supply and haulage of aggregates, recycled materials, muck-shift,
Plant Hire is one of the leading suppliers of plant and machinery throughout the North
Clive started his career in the sector with Fox Brothers and Paul’s partner Caroline is his
Passionate
FOCUSED ON YOUR BUSINESS
forbessolicitors.co.uk 0333 207 1130
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