PLANTFORCE, the largest provider of heavy equipment rentals in the South West, has received a £4.7m growth capital investment from Business Growth Fund (BGF) to further scale its operations.
The company – whose clients include Kier, Costain, Balfour Beatty, and BAM construction groups – will use the funding to support its growth plans in expansion, acquisition and geographical locations.
Founded in 1999, Plantforce operates from four depots in Bristol, Exeter, Bridgwater, and Birmingham. It has one of the most modern and diverse ranges of excavator equipment in England, comprising over 750 machines and 250 attachments.
Claire Trott, Managing Director of Plantforce, said: “This is an exciting time for Plantforce. We have a clear vision of the future and we’re very pleased to have BGF’s support at this crucial stage in our growth phase.
“The investment will not only enable us to diversify and expand our fleet, but also to continue and strengthen our service offering.”
The business is highly accredited and focuses on providing specific bespoke services across all sectors of the construction industry, including skilled operators and 24-hour customer support.
Plantforce is one of only a small number of contractors to hold approved supplier status for both nuclear sites and network rail.
The company has provided machinery for ground investigations at HS2, and is currently the largest supplier of specialist equipment for the construction of Hinkley Point C: a new nuclear power station providing low-carbon electricity across the South West.
Ned Dorbin, an investor at BGF, said: “Plantforce has established a strong position in the construction market as a provider of quality machinery supplemented with round-the-clock customer care.
"Providing operated kit is one of their key differentiators and we believe the company is well-positioned to capitalise on several large infrastructure projects over the coming years.
"We’re very happy to be backing them ahead of what looks to be a very exciting time for the business.”