Foresight exits Plantexpand to Premius Capital in 3x return deal
- Headcount grew by more than 300% during Foresight’s ownership as the company scaled nationally
- Deal marks Foresight’s fifth exit of 2026, following four other portfolio sales
- Foresight strengthened Plantexpand’s board, adding a new chair, chief executive and chief financial officer
Foresight Group has announced the exit of Plantexpand, selling the outsourced fleet maintenance business to Premius Capital in a deal that generated a return of more than 3x invested capital for the Foresight East of England Fund.
Founded in 1987 and based in Wickford, Plantexpand provides outsourced maintenance, statutory compliance and asset management services for fleet vehicles and specialist plant equipment. Its customer base spans critical infrastructure sectors including utilities, telecommunications, transport and public sector services.
The sale is Foresight’s fifth exit completed so far in 2026, following the disposals of FIS Chemicals, TES Group, Fieldway and Beckett Investment Management Group.
During Foresight’s ownership, Plantexpand’s headcount grew by more than 300 percent as the company expanded its national footprint and broadened its blue-chip customer base. Foresight worked with management to strengthen the leadership team, adding chair Tod Harrison, chief executive David Harris and chief financial officer Dan Dickinson to the board.
David Miles, managing director at Foresight Group, said Plantexpand had developed into “a highly attractive, technology-enabled business serving critical infrastructure customers across the UK.”
Editor’s note: This news brief was produced with the assistance of artificial intelligence.
