Skip navigation

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.

Subscribe to Punchline

Related Articles

Announcement on future of Cavendish House Image

Announcement on future of Cavendish House

After weeks of speculation which has seen closure for some of its namesakes a decision has been reached on the future of the House of Fraser store in Cheltenham.

Plans to increase parking charges come under attack Image

Plans to increase parking charges come under attack

Gloucestershire County Council's plans to increase on-street parking permit charges for residents have been criticised as "unfair and wrong."

Former hospital site will be cleared to make way for car parking Image

Former hospital site will be cleared to make way for car parking

A former hospital building in Cirencester is being demolished to make way for new car parking spaces.

Two die in road collision in the Cotswolds Image

Two die in road collision in the Cotswolds

Two men died and two other men suffered serious injuries in a road collision near Church Westcote in the North Cotswolds.

Copyright 2018 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.