Add-on Acquisition • Retail

Prohire Acquires Midland Vehicle Contracts

On December 6, 2006, Prohire acquired retailer Midland Vehicle Contracts

Acquisition Context

This is Prohire’s 1st transaction in the Retail sector.
This is Prohire’s 1st transaction in the United Kingdom.

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M&A Deal Summary
Date	December 6, 2006
Target	Midland Vehicle Contracts
Sector	Retail
Buyer(s)	Prohire
Deal Type	Add-on Acquisition
Advisor(s)	Dow Schofield Watts (Financial)

Target Company

Midland Vehicle Contracts

Stoke-on-Trent, United Kingdom

Midland Vehicle Contracts Ltd. provides asset leasing services.

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Buyer Overview 1

Buyer

Prohire

Stoke on Trent, United Kingdom

Category	Company
Sector	Transportation

DESCRIPTION

Prohire is a provider of specialist contract hire, repair and maintenance, accident management and fleet management solutions to vehicle operators throughout the UK and Irish markets. Prohire is based in Stoke on Trent, United Kingdom.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Retail	1 of 1
Type: Add-on Acquisition	1 of 1
Country: United Kingdom	1 of 1
Year: 2006	1 of 1

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