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Tilsun Leasing has announced the acquisition of First Vehicle Leasing for an undisclosed fee.
Tilsun Leasing - a trading division of Ogilvie Fleet - says the deal includes First Vehicle Leasing's trading style, people and technology, and anticipates it will retain its existing brand identity. The buyout is anticipated to create economies of scale in many areas.
First Vehicle Leasing is an online leasing broker serving SME fleets, as well as consumers.
Tilsun Leasing managing director Andy Bell - who was general manager of First Vehicle Leasing for two decades before moving to his current employer in 2019 - said: "We're very excited to be acquiring First Vehicle Leasing. This is a key part of our ambitious growth strategy and will enable us to expand further.
"First Vehicle Leasing has built a strong brand and we're looking forward to harnessing the company's excellent technology and online presence.
"With our combined expertise, we will be one of the best resourced leasing brokers in the UK with a strong business and consumer package."
First Vehicle Leasing pricing manager Andy Watson said: "The First Vehicle Leasing team is really looking forward to joining forces with Tilsun Leasing, particularly with the backing of Ogilvie Fleet.
"Crucially, our businesses share the core values of fantastic customer service and delivery.
"We can't wait to see what we can offer the market when we pool our expertise and resources."
Pictured: Andy Bell (second left) of Tilsun Leasing, with Andy Watson, Tony King, and Duncan Paterson of First Vehicle Leasing.
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