Aberdeen equipment rental firm First Integrated Solutions has completed an acquisition which will see it expand into four new cities and extend its services across multiple sectors.
The fast-growing firm said it has sealed a seven-figure deal to buy Tusk Lifting, which has depots in Middlesborough, Liverpool, Hull and Glasgow.
“The combined business will have a turnover of £15 million and employ around 100 people across its five sites, serving a joint customer-base spanning the construction, manufacturing, oil and gas and renewable energy sectors,” said First Integrated.
Tusk Lifting has been acquired from parent firm Mammout — part of the Dutch conglomerate SHV Holdings, which also owns retail chain Makro.
All Tusk Lifting staff have transferred over to First Integrated Solutions and the combined business is looking to invest an additional £3 million over the next five years.
Martin Suttie, Managing Director at First Integrated Solutions, said: “First Integrated has been successful at growing its market share in Aberdeen through continual investment in new equipment and the hard work of our dedicated team.
“By coming together with Tusk Lifting, we will now be able to grow our market share throughout the UK and this deal allows us to diversify the industries which we serve. It also brings additional services to Tusk, allowing it build on its industry-leading lifting business.
“We already share a number of customers throughout the UK and this deal gives us a fantastic platform to grow our market share across multiple sectors throughout the UK.”
First Integrated Solutions, established in Aberdeen’s Bridge of Don in 1997, provides services to the energy sector, including lifting equipment, inspection, and equipment sale and rental.
Its integrated solutions aim to improve safety, enhance productivity, and deliver financial and operational savings for customers.
Likewise, Tusk Lifting specialises in providing lifting and material handling equipment for various industries, including construction, manufacturing, and oil and gas. It offers a range of services such as equipment hire, sales, servicing, and inspections.
Tusk Lifting Managing Director Kevin Chalmers said: “I am truly delighted with the new ownership, and it was clear from the moment that we started this journey that both companies have aligned missions and goals.
“There is a long-term vision in place which is hugely exciting, and with the backing of First Integrated Solutions we will have access to more resources, equipment and a broader network.
“This partnership will enable us to innovate faster, serve our clients better and expand our horizons.”