Equistone buys stake in T.O.M Vehicle Rental

Commercial Motor
January 4, 2017

Private equity firm Equistone has bought a majority stake in T.O.M. Vehicle Rental for an undisclosed sum. Tim Swales and Paul Harper from Equistone will join the board of the commercial vehicle rental firm that generated £213m in the year ending March 2016.

Robert Stewart, chief executive officer of T.O.M. Vehicle Rental, said: “Equistone’s investment in T.O.M. is transformational. This support will allow us to accelerate the expansion in our market share, number of UK locations, fleet size, customer base, and rental offering.”

T.O.M. provides long-term truck, trailer and van hire to more than 900 customers from 11 sites across the UK. It also operates commercial vehicle dealerships at five sites for its two franchised dealer brands, Mercedes-Benz and Citroën.


About the Author

Commercial Motor

Commercialmotor.com is the online presence for Commercial Motor magazine, the world’s oldest magazine dedicated to the commercial vehicle industry.

It is your online source for the best new and used trucks and trailers in the UK - plus the latest news, and the best buying advice you'll find in the industry.

All of the dealers listed have been are visited by our field sales team in person at their premises and our editorial team are constantly out and about speaking to dealers, operators and suppliers - this helps build really great market knowledge that assists you.

Articles published by the author Commercial Motor may be collaborative efforts by our journalists or contain significant elements obtained from press releases or company statements. They have, however, still been written and checked by our expert editorial team.

Share this article