Speedy Hire has signed a new five year strategic supply agreement with Connaught.

The agreement will see Speedy as Connaught’s exclusive provider of tools and equipment hire across the UK. Speedy will also operate a single dedicated hire desk and acquire, under an outsourcing arrangement, a range of equipment currently operated by Connaught in house to a maximum value of £1m.

The agreement will run until 2015 and is estimated to be worth in excess of £20m over the term.