This week Banner Plant augmented its plant and tools offering through the acquisition of Premier Plant. This marks the latest takeover in a flurry of acquisition activity following the collapse of Hewden Stuart in Q4 last year. 

It appears that smaller organisations are struggling to maintain their share of the fragmented UK plant-hire market at a time when local authorities and construction companies are consolidating their supplier lists in an effort to reduce overheads. In a year where the UK is looking to distance itself from Europe, the indicators are that the domestic plant-hire market is becoming much more like our continental neighbours; where only the companies that can operate as a one-stop-shop on a national level will retain any hope of competitive advantage. 

We expect further acquisitions to follow over the coming months.