Aberdeen equipment rental specialist First Integrated Solutions (FIS) has completed a seven-figure acquisition which will see it expand into four cities.

The purchase of Tusk Lifting, which has depots in Glasgow, Hull, Liverpool and Middlesborough, will also see it extend its services across a number of sectors.

FIS, established in Aberdeen’s Bridge of Don in 1997, provides safety-critical services to the energy sector, including lifting equipment, inspection, and equipment sale and rental. 

The newly-expanded business will have a turnover of nearly £20 million and a headcount of about 125 serving a jcustomer base spanning the construction, manufacturing, oil & gas and renewable energy sectors.

Tusk Lifting has been acquired from parent firm Mammoet – part of the Dutch conglomerate SHV Holdings, which also owns retail chain Makro.

All Tusk Lifting staff have transferred over to FIS and the combined business is looking to invest an additional £3m over the next five years.

It is the second merger by fast-growing FIS in 18 months following a deal to acquire Aberdeen-based North Sea Compactors last year.

Martin Suttie, managing director at FIS, said: “First Integrated has been successful at growing its market share in Aberdeen through continual investment in new equipment and the hard work of our dedicated team.

“By coming together with Tusk Lifting, we will now be able to grow our market share throughout the UK and this deal allows us to diversify the industries which we serve. It also brings additional services to Tusk, allowing it build on its industry-leading lifting business.

“We already share a number of customers throughout the UK and this deal gives us a fantastic platform to grow our market share across multiple sectors throughout the UK.”