Driver Hire - now on the rails
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Driver Hire is making company history during its 30th anniversary year in business. It’s made its first acquisition, buying Infra Safety Services Labour Ltd (‘ISS Labour’), a specialist provider of professional and labour services, minor works projects, track lighting and safety barrier solutions to the rail industry. Based on forecasted figures, the deal creates an £85-£90m turnover Group.
ISS Labour employs 35 permanent staff across its Derby, Manchester, Stafford and Newport offices, as well as over 600 contractors deployed throughout the track renewal and specialist projects market. The business, which will continue to trade under its existing brand and with its current management team, boasts a wide range of blue-chip clients. For the financial year ending June 2013, ISS Labour generated turnover of £12 million.
Chris Chidley, CEO of the Driver Hire Group, said “Over the past two years our business has diversified to provide complementary recruitment, training and consultancy services. The acquisition of ISS Labour further expands our offering and enables us to capitalise on rapid growth opportunities within the rail infrastructure sector. We look forward to having ISS as another stand-alone business within the Group. We believe that each of our businesses will benefit from the synergies that will emerge from being part of a wider group.”
Gary Beeston, Managing Director of ISS Labour, said: “Government and private investment is set to transform the UK’s rail infrastructure; however we face a severe shortage in highly skilled labour to deliver these projects. With the backing of the Driver Hire Group, we are confident that our business can help support the industry through a period of growth and provide the quality workforces needed to achieve the nation’s rail ambitions.”