A division of NRG Fleet Services, Riverside Truck Rental is based in Widnes and bought the recycling vehicle leasing division of Trio for an undisclosed sum.
 The buyout of Trio Hire Direct will boost Riverside's fleet by 15%, the company said |
It believes the move will increase its fleet of 550 refuse and recycling vehicle by 15%, with the acquisition including skip, hooklift and recycling vehicles. It also provides Riverside with a network of regionally located service depots in the South.
Following the acquisition, Trio Hire Direct will be rebranded Trio Truck Rental, with the company pledging to maintain current staffing levels.
Commenting on the acquisition, Riverside Truck Rental managing director Sid Sadique said: “We are understandably delighted to have acquired Trio Hire Direct and we are confident that following the re-branding exercise they will play an important part in helping us to strengthen our market standing here in the UK.”
Hire
Established in 1996, Riverside Truck Rental supplies spot hire and contact hire vehicles for both the public and the private sectors.
Mr Sadique said: “We have some ambitious plans for the future and this is the first stage of a corporate development strategy aimed at providing an ever-expanding customer based with increasingly bespoke and innovative hire solutions.”
He added: “Furthermore we aim to ensure that our hire fleets are supported by the highest levels of service in order to minimise the downtime and maximise operating efficiencies.”
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