Glasgow-based GAP is the UK’s largest privately-owned plant hire firm and has 67 depots. The £70m finance package will be used to open more depots. The target is to add least three or four new sites each year to expand the plant and tool, non mechanical and lifting divisions.
Turnover is set to be £95m for the financial year ending March 2013, up 12% from the previous years’ £85m.
The family-owned and -run business, which employs more than 1000 people, was established in 1969 by Gordon Anderson. It is today run by his sons Douglas and Iain Anderson, assisted by third generation family members.
RBS CIB regional head of corporate development Alan Maudsley said: “GAP has maintained its highly competitive standing in the UK and has performed strongly thanks to its focused management team and asset renewal process. It has one of the newest fleets within the sector, and has clear ambitions for the future. We are delighted to be able to support the expansion of a sector-leading Scottish company and will continue to work hard to enable this business to realise its ambitions.”
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