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 […]
Prohire has invested nearly £1m in its ‘spot rental’ fleet as demand for hire vehicles continues to increase.
Established in 1997, Prohire has enjoyed continuous growth from both existing and new business over the last 22 years, offering a full range of contract hire, rental and fleet management services for vehicles from car-derived vans to 44-tonne tractor units.
Asco Foods has sealed a contract hire and maintenance deal with Prohire for two 26-tonne Mercedes-Benz Actros vehicles and a DAF 18-tonner.