Scunthorpe based Caspian Group Limited has confirmed the sale of their Grimsby tool hire depot to independent tool hire firm GoHire.
The Caspian depot, which has had a strong and successful presence in Grimsby for over thirty years, was acquired as a going concern by GoHire, a deal which includes the comprehensive hire fleet and two vehicles. 5 staff members were also transferred over as employees of GoHire.
Caspian’s Managing Director, Neil Garrison, said: “This is a great opportunity for everyone involved, we have worked with Sally and the team at GoHire for many years and enjoyed watching the business grow, I am pleased to hand over the reins to Sally and we will be supporting the transition all the way.”
The sale of the tool hire depot forms part of Caspian’s ongoing consolidation plans and will help to allow for the future growth of the core business of manufacturing and supplying scaffolding access equipment.
Caspian has an outstanding reputation within the industry and has been supplying scaffolding access equipment for over 40 years.
Steady expansion and investment over the past 3 years have included the purchase of a state-of-the-art scaffold boards manufacturing facility and production line and the acquisition of an additional three-acre site, along with further investment in their in-house transport fleet. All of which has helped the firm become one of the most reliable and competitive scaffolding equipment providers in the UK.