Leasing Options acquires Allied Vehicle Contracts
05 November 2021
Author: Sean Keywood
Leasing Options has announced the acquisition of leasing company Allied Vehicle Contracts.
The acquisition, for an undisclosed sum, is said to form part of a wider business development programme which aims to extend and consolidate Leasing Options' position within the UK fleet sector.
Allied's former owner David Whitehead, who founded the business in 1997, will join Leasing Options as director of operations, and help to integrate Allied's bespoke fleet management tools into Leasing Options' in-house technology systems.
Leasing Options CEO and co-founder Nigel Brain said: "This is an exciting time for Leasing Options, and we are delighted to announce this significant development for the business.
"We believe the combined strengths and synergies derived from the integration will enable us to compete at the highest level in the UK fleet sector, bolstering our established presence in the B2B marketplace."
Whitehead said: "I am really excited about the enhanced proposition that the integration will allow the Allied brand to extend to its existing and prospective fleet client base.
"Leasing Options are one of the UK's largest, most well-established vehicle leasing brokers, led by a skilled management team. The integration makes perfect commercial sense."