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Gloucestershire Business News

County vehicle recovery company in take over deal

One of Gloucestershire's largest vehicle recovery and repair companies has been taken over.

Overbrook Recovery, which has depots in Gloucester and Cinderford in the Forest of Dean, has been acquired by the Gwent-headquartered Caldicot Group.

It means Caldicot Group has expanded its portfolio of depots to four regional centres and increasing its operating network to more than 6,000 square miles.

Overbrook employs more than 30 members of staff. The move increases the Caldicot Group's turnover to more than £8 million and its workforce to over 100 employees.

Group managing director Gavin Edwards said the acquisition was crucial to the company's expansion plans as it looks to better serve its customers.

He said: "We are delighted to have negotiated the purchase of one of Gloucestershire's oldest and most respected recovery operations and are looking forward to building upon their long-standing success in the region.

"As a company we have seen record growth in our customer base as we support more than 500 businesses with their recovery needs as well as being an approved Highways England partner for major road infrastructure projects. It was therefore important that we expanded our operating territory to better serve our customers and so that we can help more businesses.

"With depots in Walsall, Gloucester, the Forest of Dean and Monmouthshire the Caldicot Group is one of the UK's fastest growing recovery agencies. Our strategic goal is to continue this expansion and support more companies with their recovery needs."

Picture: Gavin Edwards, managing director of the Caldicot Group.

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