Rivervale acquisition looks smart business

CONGRATULATIONS to Vince Pemberton and the team at Rivervale for their latest acquisition: OSV on the south coast. Not only is it the second business they have acquired this year but OSV adds greater depth – now there’s salary sacrifice that can be offered. It diversifies the business further giving Rivervale a broad base, from business contract hire and fleet management to OEM dealership, minibus sales, used cars and aftersales. Rivervale – our Best Mid-size Broker of the Year – is quietly becoming a formidable player.

Select Lease by Mobilize

STOP PRESS: Mobilize FS buys stake in Select

As we were going to press we learned that Mobilize Financial Services had taken a 36.6% stake in the Select Car Leasing business. Read the story here.

Ralph Morton, editor

Key stories this week

  • Rivervale acquires OSV – story here.
  • e-car lease partners with Zapmap – story here.
  • Used car values drop by 1.9% says cap hpi – read more here.
  • Winner’s profile: Editor’s Award – read more here.
  • Lex Autolease report: business sales driving EV success… – read more here.
  • …as H1 PCH EV demand falls – Leasing.com data – read more here.
  • Read the full Broker News Newsletter 01 August 2023 here.
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