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RSM has advised traffic management vehicle supplier Blakedale on its sale to Northgate Vehicle Hire, a division of leading integrated mobility solutions provider Redde Northgate plc.
Blakedale will be run as a separate division with Northgate retaining its Chorley premises and people.
The RSM deal team was led by corporate finance partners Nick Wyatt and John Gillibrand, with support from Davin Kandola and Aaron Bhatti.
Nick Wyatt, corporate finance partner at RSM UK, said: “At a time when the UK government has pledged long-term investment into road infrastructure until 2050, this strategic transaction will enable two closely aligned businesses to continue to provide a market-leading service to their customers in the traffic management sector.
“This partnership will support Blakedale’s growth aspirations whilst strengthening Redde Northgate’s presence in the traffic management sector.”
Carmen Bowley, joint managing director of Blakedale, added: “We are very proud of what Blakedale has achieved over the past 40 years. It is a modern business with excellent facilities that is at the forefront of a fast-moving industry. We are pleased to become part of the Redde Northgate family to support the long-term growth of the business.”
