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Marshall Leasing, part of Marshall Motor Holdings, has announced its partial flotation on the alternative investment market (AIM) to support growth aspirations.
Marshall has been a family business for over 105 years and the family will remain the majority shareholders with a 66% stake. The partial flotation has raised £40 million and the business also has access to £75m in a revolving credit facility (RCF).
Peter Cakebread, managing director of Marshall Leasing, said: "I have spent the last 25 years working to build Marshall Leasing into a respected player within our industry.
"This move is great for the group, as it is all about investment in our future.
"It will enable us to take full advantage of any growth opportunities, while enhancing our ability to deliver on client expectations. Meanwhile, our values and commitment to customer service will remain unchanged."
Marshall Leasing had a risk fleet of 6025 vehicles according to results from the last BC50. The firm saw growth of 2.2% in the size of its fleet last year and it was the 26th largest leasing company in the UK in 2014.
The extra investment will likely see the business break into the top 20 leasing companies in the UK.
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