Driver Hire Investments Group Limited, a Bradford, UK-based franchised provider of temporary and permanent personnel to the logistics and distribution industries, has received a private equity investment of undisclosed amount from LDC.
LDC, which has acquired a significant stake in the company from Spirit Capital, will help the company’s management team continue to expand the business.
Debt financing was provided by Yorkshire Bank Corporate and Structured Finance.
Originally established in 1983 and currently led by CEO Chris Chidley, Driver Hire operates nationally through a 100-strong network of offices, predominantly owned by franchisees.
It services around 5,000 corporate customers with fully compliant LGV, van, fork lift truck and fleet car drivers, warehouse operatives and professional logistics managers on both a short-term and long-term basis.
It also provides Driver CPC training.
FinSMEs
29/06/2011