Construction epuipment hirer Speedy Hire has announced a five-year strategic supply agreement with public sector outsourcing contractor Connaught.
The agreement will run until 2015 and is estimated to be worth in excess of £20m over the term.
Speedy will be Connaught's exclusive provider of tools and equipment hire across the UK, operate a single dedicated hire desk and acquire, under an outsourcing arrangement, a range of equipment currently operated by Connaught in house to a maximum value of £1m.
The agreement builds on a contractual relationship established in 2008, since when Speedy has become a key strategic partner to Connaught.
Steve Corcoran, chief executive of Speedy, commented: "We are delighted to be able to announce the latest in a string of long term contract extensions with a client with visible workflows and strong growth prospects. Clients such as Connaught continue to see the benefit and value of our network and service offering, our fleet investment, our award winning safety and environmental support programmes and our industry leading IT infrastructure."