Kensite Holdings Ltd, the parent company of Kensite Services Ltd, has acquired a majority stake in fast growing Think Hire Ltd, the Walkden based hirer of mobile renewable energy solutions.
Think Hire Ltd, which was only formed in June 2018, specialises in the hire of low carbon power solutions to the infrastructure and construction industries. The company has grown rapidly since its formation with turnover set to exceed £2 million. Already a market leader in its field, the financial backing of Kensite Holdings Ltd will enable it to accelerate its expansion plans and help the UK to move towards its target of becoming carbon neutral.
Think Hire Ltd’s Managing Director, Neil Richardson commented “Over the next three years we aim to quadruple the size of Think Hire, expanding our reach beyond the South East and North West to encompass the whole of the UK”. He added “It is fantastic to have the backing of investors who see our potential and share our goals”.
Kensite Holdings Ltd’s Chairman and majority shareholder, Craig Ainscough said “Think Hire’s market leading range of low carbon emission products allied to the knowledge and experience of Neil and his team were the key attributes that attracted us to this deal. We know there are many projects and businesses that share these environmental goals and who face stringent sustainability targets. This multi-million pound finance package will ensure Think Hire is well placed to support these businesses”.