The sale will see the new entity trading as Mainland Plant.
“We are delighted to have found a buyer for the plant hire side business of Mainland Construction in such a short time,” says Matt Evans, partner with Bridge Business Recovery. “It is encouraging that, in these challenging economic times, this part of the business has been saved – as have the jobs of everyone working there.”
Until recently Mainland Construction Group employed over 150 people across three main areas – construction, civil engineering and plant hire from its base in Northamptonshire. While the construction and civil engineering divisions of the company have been closed and the contracts sold as a result of the administration, its plant hire operation continued to operate.
“Like many companies operating in construction, Mainland has struggled financially in the wake of the general economic slowdown, resulting in the closure of several areas of its business,” says Mr Evans.
“However, its plant hire division has continued to operate as normal and, under its new owner, can hopefully look forward to a positive future.”