GLOBAL Vans has acquired Rod Lloyd’s the lcv group. 

The asset purchase of the former Low Cost Vans broker business from Crownhawk Properties will see the lcv group become a trading style of XLCR Vehicle Management Ltd. 

The sale includes the acquisition of TR Fleet, a specialist fleet management consultancy business, which Rod Lloyd acquired in 2023. 

The sale, for an undisclosed sum, follows Global Vans’ purchase of XLCR Vehicle Management in late 2023. The three brands will now form the Global Vehicle Group, which describes itself as a tech-enabled, SME focused, van and car leasing broker business

The Global Vehicle Group said it will continue to have the same management, and each brand will retain their strong individual identities. Rod Lloyd, CEO of the lcv group, will now work in consultation with the executive board of the Global Vehicle Group, led by CEO Andrew Hurst.

Andrew Hurst commented that this was a great tie-up with a business that shares the Group’s vision to become ‘The UK’s best and most innovative, tech-enabled, SME specialist broker for LCVs and cars, their electrification, insurance and ancillary products’.

“I’ve known Andrew and the XLCR business for a long time and when we spoke about the LCV group becoming part of The Global Vehicle Group I knew LCV would be in safe hands and they would invest to facilitate further growth. It’s a fantastic opportunity and LCV will remain as a strong brand within the new group. I’m excited to see what the future brings.”

It’s been a busy 12 months for the lcv group and a period of change: in early 2024 the broker moved into a new large-scale complex in Swansea; it was named Best Mid-Size Broker in the Broker News Awards 2024; and in September celebrated 25 years in business.

Rod Lloyd, who is the current Chairman of the BVRLA Leasing Broker Committee, will continue in that role as a champion for the industry until the end of his tenure in October this year.  

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