Elliott Announces Sale Of Loohire Business to Nixon Hire1 February 2019
Elliott, has today announced the sale of its Loohire business to Nixon Hire.
Lee Young, Chief Financial Officer at Elliott said, “Loohire has been a valued part of the Elliott offering for over 15 years and we’re pleased that we have been able to come to this agreement with Nixon Hire.
“We are confident that the business will thrive under its new ownership, giving greater opportunities to our employees as well as to our valued customer and supplier base.
“The sale of Elliott Loohire will enable us to focus our attentions on growing our hire business, and to invest in our product and service offerings such as our Flex range and 360 services.”
Nixon Hire is a dynamic and professional family-run business employing nearly 500 people across an ever-expanding depot network.
This is the largest acquisition to date for the Newcastle upon Tyne based equipment rental business and consolidates Nixon Hire’s position as the largest provider of toilets in the UK.
Graham Nixon, Managing Director at Nixon Hire commented, “We have ambitious plans for the development of our business and the purchase of Elliott’s Loohire division contributes to a very exciting period of growth for Nixon Hire.
“The depot locations, knowledgeable staff and well-established contracts were key factors in our decision to make an offer. The acquisition fits very well with the operation of our existing toilet division and we are extremely confident that the transition will be smooth for both staff and existing customers.
“Our management team will be visiting each of our new locations to welcome our new employees to the team and induct them into the Nixon Hire business.”
Lee Young at Elliott continued, “We are working closely with the team at Nixon Hire to ensure a smooth transition for our employees and customers over the coming weeks.”
The transfer is due to complete on 28th February 2019.
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