Cork plant hire firm acquired in a deal worth €33m

Key members of the CPH senior management team will retain a minority interest and remain with the business. 

ed by James Dundon and Martin Hanley, CPH principally services the pharma, renewables, technology and food ingredient sectors with 30 employees.

Cork plant hire firm Charleville Hire and Platform Ltd (CPH) has been acquired by UK equipment rental firm Vp Plc in a deal worth more than €33m.

VP is taking 90% stake in the family-owned and family-run company for an initial cash consideration of €12.1m, with the remaining 10% to be acquired over a three-year period.