Fleet News

Helphire looks for move into recovery - and Green Flag?

BOOMING credit hire and credit repair group Helphire is circling breakdown company Green Flag as a potential acquisition as it consolidates on a year of massive growth. It sees the breakdown recovery market as an ideal enhancement to its corporate strategy as recovery is often needed at the scene of accidents where non-fault drivers might also need credit hire and credit repair.

Green Flag's current owner, Cendant Corporation, has announced that it intends to sell its breakdown recovery operation as part of a major re-organisation. And Helphire has already shown it is serious about taking a significant share of the market after it revealed it was one of the losing bidders for RAC Motoring Services, which will be acquired by Lex Service as part of a £437million deal.

Mark Jackson, Helphire's deputy chief executive and resources director, said that the credit hire firm was still on the acquisition trail, with breakdown services very much in the frame. 'Our bid for RAC Motoring Services was not very different to the winning bid, although ours was not all cash. We are keeping an eye on other organisations in the market and seeing what happens with companies including Green Flag.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee