Global Vehicle Group has announced the acquisition of SME-focused leasing broker and fleet management company Fleet Alliance.
The deal sees Fleet Alliance join Global Vans, XLCR, and LCV Group in the Global Vehicle Group portfolio.
The combined business will have annual volumes of around 18,000 units, and an aggregate fleet size of more than 70,000 vehicles, with a total funded value of over £2.5billion.
Each business will continue to operate independently, with their own management teams and brand identities.
Global Vehicle Group CEO Andrew Hurst said: “We are immensely proud to welcome Fleet Alliance into the Global Vehicle Group.
“Fleet Alliance’s core area of expertise in the SME and larger corporate space will give GVG complete coverage of the B2B sector and will complement the existing group businesses perfectly.
“Whilst each business shares the same philosophy of creating a positive and supportive team culture and a focus on outstanding customer experience, there will be significant areas where the power of the enlarged group can be leveraged in terms of best practice and providing a wider range of products and services to our customers.”
Fleet Alliance chair Martin Brown (pictured) said: “We are delighted to become part of the Global Vehicle Group family. We have the utmost respect for Global Vans, XLCR and the LCV Group and we look forward to working alongside them to continue the development of the Fleet Alliance business as part of the largest B2B focused leasing broker in the UK.”
