Vehicle Consulting UK has acquired the business of Yorkshire-based competitor New Car Deals for an undisclosed sum.
Operations have now been fully merged with those based at Vehicle Consulting’s own head office in Stockport, Cheshire, where it currently has a team of 23.
Commenting on the acquisition, Vehicle Consulting’s managing director, Lee Wolstenholme, said: “This represents a significant step forward in the realisation of our business’ expansion plans.
“The board, which includes key investor Andrew Brode, is eyeing growth through acquisition, investment and the recruitment of experienced people into its team.”
Wolstenholme told Fleet News that the vehicle leasing industry is undergoing some of the most significant changes ever seen, with the phasing out of petrol and diesel cars, and the need for the UK to invest significant sums into its electrification strategy.
“We are moving our business forward and preparing well in advance for those changes,” he said. “With secure funding lines in place, we are actively looking for more opportunities to expand our fleet business, to meet the needs of future generations of business motorists.”
He continued: “New Car Deals had a great reputation in the market, especially with its customer service provision. We have been able to bring some of that expertise over to Stockport, to further strengthen our team here.
“Delivering the very best customer service, coupled with driving fleet sales, is core to our operations.”
Vehicle Consulting was established in 1995 and provides private individuals, businesses and organisations across the UK with car and van leasing, personal contract hire (PCH) and fleet management solutions.