Kent-based Keaveney Plant Hire has added a new Suction Excavator to its fleet, following financing from Paragon Bank.

The plant hire specialist, based in Ashford, secured £450,000 from Paragon’s SME Lending Construction team to acquire the new asset, helping it to meet escalating business demands and expand its service offering.

The newly acquired ESE 6 RD RSP Suction Excavator is mounted on a Mercedes Benz Arocs 8x4x4 Chassis Cab with new features, such as a fully hydraulic articulated hose carrier, and is the ideal solution for working at distances ranging from zero to six metres.

Thanks to the support of Paragon’s Construction team, Keaveney Plant Hire can further commit to providing an array of equipment to its clients. Tracey Cronin, business development manager in Paragon’s Construction team, led the deal on behalf of the bank.

Andrew Keaveney, managing director of Keaveney Plant Hire, said: “Thanks to the support from Paragon Bank’s SME Lending division we have secured the necessary financing to elevate our operations. The acquisition of the Suction Excavator enables us to meet the growing demand for this asset.”

Cronin added: “We are thrilled to assist Keaveney Plant Hire Ltd in its journey of growth and fleet expansion. Our partnership with Andrew Keaveney and his dedicated team has been further strengthened, and we take pride in continuing to provide financing solutions that drive its success.”