Thu, 04 Nov 2021 | BUSINESS SALE
Worsley-based car leasing firm Leasing Options has completed the acquisition of West Yorkshire counterpart Allied Vehicle Contracts for an undisclosed sum and announced that it will target further acquisitions, alongside organic growth.
Through its growth strategy, Leasing Options is seeking to extend and consolidate its standing in the UK’s fleet leasing sector. The company’s CFO and co-founder Karin Butschok says that the acquisition “provides us with a specialist platform, additional skill sets, and a portfolio of bespoke systems and experience that will allow us to take full advantage of the opportunities that present themselves to us within the B2B sector.”
Allied Vehicle Contracts, the trading name of Allied Ventura, was founded in 1997 by David Whitehead. Following the acquisition, Whitehead will join Leasing Options as Director of Operations and assist with the integration of Allied Vehicle Contracts’ fleet management tools into Leasing Options’ in-house systems.
Aside from this integration, Allied Vehicle Contracts will continue to operate from its current Halifax base post-acquisitions. Karin Butschok added: “Leasing Options will be retaining the Allied Vehicle Contracts team and brand as a key component of our business fleet growth strategy.”
Discussing the takeover, 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.”
Leasing Options COO Mike Thompson added: “This really is a further demonstration of the exciting plans and vision that the owners and management team at Leasing Options have for the future. We are going through a real period of growth, and this is set to continue well into 2022 and beyond.”
“We have aspirations for further organic growth as well as through acquisition, should the right opportunities come along. However, we also remain committed to maintaining our personalised and flexible approach to business while upholding the excellent customer service standards, of which we are very proud.”
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