Prohire Group fuels growth drive via management buy-out

Prohire
 

Fleet management firm Prohire Group has sold a majority stake in the business to private equity house NorthEdge Capital in a move aimed at fuelling its acquisition strategy. Under the deal the existing management team, including managing director David Barlow, will remain at the firm’s helm, with NorthEdge director Phil Frame and investment executive Greg Holmes joining the board in a non-executive capacity. The capital raised by the MBO will be used to fund targeted acquisitions as part of a […]