It has been a big week for the UK rental market. From the BVRLA releasing a detailed report on the industry’s economic worth to witnessing the decline of yet more bike hire companies.
However, today we learn of a pretty exciting new business venture, with Enterprise Rent-A-Car announcing that they have made yet another acquisition. Investing in SHP Hire, a vehicle hire and management business, Enterprise look to further extend their of rental products offering across the UK.
Who is SHP Hire?
Based in Romsey, SHP Hire is a successful rental business that operates in 16 different areas of the UK. These include large bases in Manchester, Newcastle, Nairn, Shrewsbury, Calne and more.
With a huge, diverse fleet, the business is currently in possession of 18,500 vehicles. These range from cars and light commercial vehicles (LCVs) to heavy goods vehicles (HGVs), tippers, gold buggies and much more!
The plan for this meeting of minds if for the SHP Hire operation to work under Enterprise’s Flex-E-Rent sub-brand. With these additional vehicles, the company will be able to promote an overall fleet of 45,000.
“We needed to find the right partner to acquire the SHB Hire business,” said the business’ chairman, Mike Street.
“Enterprise and SHB Hire employees share a commitment to delivering the best customer care.
“The fact that we are both family-owned and run has enabled us to take a long-term view. The acquisition secures the future of the business and will provide customers with a greater diversity of product lines, as well as access to industry leading technologies and infrastructure.”
Enterprise is equally as thrilled to see this deal come to fruition. The brand’s Managing Director, Khaled Shahbp, said the following:
“The Street family established and built SHB Hire into an industry-leader with an impressive customer base and reputation for customer service.
Let us know what you think about this high-profile deal by leaving your comments below.