The deal forms part of the firm's continued growth strategy to offer local service on a national basis.
Morris Leslie said the acquisition was a natural choice, with its presence in the south east now strengthened as well as both companies having excellent synergies.
Graham Ogilvie, Managing Director of Morris Leslie Plant Hire, said: "We are delighted with the purchase as Chertsey are a long established and well-respected industry name. The move consolidates our position as one of the leading hirers in the country, expanding the core fleet by a further 500 assets, 250 of which are telehandlers, and adds another great location to our national footprint.
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"Chertsey's fleet is younger than industry norms but over the coming months there are plans to further refresh their fleet in line with our overall profile which sees an average age of below 2 years."
Chertsey's Managing Director, Gary Balle, said: "I am relishing the opportunity to work with the new management and pleased to see that Morris Leslie already have an investment plan in place to replace and expand our fleet.
"We are confident that this will enhance our existing high-quality fleet and Morris Leslie's larger infrastructure will allow us to support our customer's nationally."
(LM/MH)
