Enterprise Rent-A-Car plans to create one of the largest commercial vehicle rental companies in the country, having announced an agreement to acquire vehicle hire and management business SHB Hire.

The acquisition, subject to regulatory approval, will see SHB Hire operate under the Enterprise Flex-E-Rent banner to create a fleet of more than 45,000 CVs.

Enterprise says the deal came about after SHB Hire’s owners, the Street family, sought a buyer that could take the company to the next stage of development.

Enterprise managing director and senior vice-president for the UK and Ireland Khaled Shahbo said: “The Street family established and built SHB Hire into an industry-leader with an impressive customer base and reputation for customer service.

“The depth and breadth of the company’s product lines provide a good fit with the Enterprise Flex-E-Rent business. There are many similarities between the two organisations underscored by a like-minded service culture and great employees who are incredibly knowledgeable and dedicated to delivering exceptional customer service.

“We are confident that together we can create a stronger business and a truly world class commercial vehicle offering.”

SHB Hire currently operates from 16 key locations nationwide offering products including LCVs and 4×4 commercials, alongside HGVs, cars and specialist vehicles such as ATVs and golf buggies.

SHB Hire chairman Mike Street said: “We needed to find the right partner to acquire the SHB Hire business.

“Enterprise and SHB Hire employees share a commitment to delivering the best customer care.

“The fact that we are both family-owned and run has enabled us to take a long-term view.

“The acquisition secures the future of the business and will provide customers with a greater diversity of product lines, as well as access to industry leading technologies and infrastructure.”