Plantforce secures £60m ABL facility

Bristol-based plant hire supplier Plantforce has secured a £60m funding line from its existing banks to invest in its hire fleet over the next two years. The deal, funded by a club structure between Natwest Bank and Wells Fargo Capital Finance, will facilitate the Plantforce growth strategy and enhance its commitment to offering customers the latest technology solutions and reliable equipment.

Founded in 1999, Plantforce operates from seven depots in Bristol, Exeter, Bridgwater, Birmingham, Liskeard, Stone and a recent expansion into the North West with a new location in Greater Manchester. It has one of the most modern and diverse ranges of construction equipment in England, comprising over 2000 assets.

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