Vp plc, the specialist equipment rental business, announces the acquisition of Charleville Hire and Platform Ltd, one of Ireland’s leading specialist powered access companies.
CPH is based in County Cork, operating from a 2.4 acre, modern purpose built site. It principally services the growing pharma, renewables, technology and food ingredient sectors and has an extensive blue-chip client list.
The business was established in 1989. Martin Hanley and Jimmy Dundon, both from Cork, led a management buy-out in 2018 and continue to lead the CPH business today. All members of the senior management team will remain with the business post acquisition.
CPH offers a broad portfolio of specialist hire equipment across the Republic of Ireland, with over 1,000 machines including boom lifts, scissor lifts, vertical lifts, ultra boom lifts and other access equipment. The company is proud that the majority of its equipment is zero emissions at point of use, providing a key sustainability differentiator from the competition.
In June 2024, Vp plc set out its updated strategy with a focus on growing its specialist capabilities in the equipment rental market. The acquisition of CPH enables the Group to grow its capabilities, particularly in the powered access hire equipment and services market as well as providing an opportunity for the Group to grow its Irish footprint.
Commenting on the acquisition; Martin Hanley, Director, CPH said: “We’re excited about this partnership with Vp. We are proud of the progress that we have made to date, delivering good, sustainable growth. Vp’s expertise and professionalism will support our growth and help enhance our customer services as we take the business to the next level.”
Commenting on the acquisition, Jonathan May, Chief Operating Officer, Vp plc said: “This acquisition is exactly in line with Vp’s renewed strategic focus and builds on our highly differentiated, specialist customer offering. CPH is a market leader, operating in a growing market with a modern environmentally friendly fleet led by an experienced management team. We’re really excited by this news and look forward to working with the CPH team.”
