The Gwent-headquartered Caldicot Group has successfully completed the acquisition of one of Gloucestershire’s biggest recovery agencies expanding its portfolio of depots to four regional centres and increasing its operating network to more than 6,000 square miles.

The deal see the Caldicot Group, which is based in Monmouthshire, purchase Overbrook Recovery. Employing more than 30 members of staff, the Gloucestershire-based business has two depots including an MOT and vehicle recovery centre in Hakwell in the Forest of Dean.

The move increases the Caldicot Group’s turnover to more than £8m and its workforce to over 100 employees. With four depots the company’s recovery operation now spans an area covering more than 6,000 square miles including major routes such as the M4, M5 and M6.

Group Managing Director Gavin Edwards said the acquisition was crucial to the company’s expansion plans as it looks to better serve its customers.

He said: “We are delighted to have negotiated the purchase of one of Gloucestershire’s oldest and most respected recovery operations and are looking forward to building upon their long-standing success in the region.

“As a company we have seen record growth in our customer base as we support more than 500 businesses with their recovery needs as well as being an approved Highways England partner for major road infrastructure projects. It was therefore important that we expanded our operating territory to better serve our customers and so that we can help more businesses.

“With depots in Walsall, Gloucester, the Forest of Dean and Monmouthshire the Caldicot Group is one of the UK’s fastest growing recovery agencies. Our strategic goal is to continue this expansion and support more companies with their recovery needs.”