Mike grows with Speedy Hire

Kevin Feddy

LAWYER Mike McGrath has completed Speedy Hire's latest acquisition - he's signed for the company himself.

The corporate finance partner at Manchester firm Pinsent Masons will become an executive director at Speedy in the spring.

He has acted for Speedy, based in Newton-le-Willows, since 1993, advising on 37 acquisitions.

Since 2001, Mike has been company secretary on a part-time basis. From April, he will take charge of all legal, secretarial and corporate governance matters for Speedy.

Mike said: "The new post is an exciting challenge and I am looking forward to it."

Since 1993, Speedy has grown from a company with around 10 depots into Britain's biggest tool hire firm with more than 300 outlets, 3,500 staff and a market capitalisation of £360m.

Chief executive Steve Corcoran said: "Mike's skills and his wealth of experience ensure that we are positioned to continue our growth and expansion plans."

Carl Garvie, the joint managing partner of Pinsent Masons' Manchester office, said: "We are sorry to lose Mike but he is stepping into a senior role in a listed company and that is a testament to the commercial focus and business acumen of our lawyers."

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