- Pictured above are Rod Lloyd, CEO of lcv group and Julie Summerill, managing director of TR Fleet
THE lcv group – formerly Low Cost Vans – has acquired TR Fleet in a deal completed on 01 April 2023 by operations director Zoe Field.
The Neath-based leasing broker said TR Fleet would continue to operate under its own name while managing director Julie Summerell and fleet administrator Sunyia Sarfraz would continue in their existing roles.
Following its 2022 rebrand from Low Cost Vans to the lcv group, the company now provides cars, short term hire and fleet services, in addition to its commercial vehicle speciality.
TR Fleet will continue working with existing customers, while identifying and introducing new fleet operators to its popular DriveSecure app, according to lcv group. A comprehensive risk management system used by businesses with multiple vehicles, the app will continue to be supported by previous investors Safo, who the lcv group says is “looking forward to a long business partnership with.”
I have known Julie for a long time, and when the opportunity arose to purchase TR Fleet it was an easy decision to make. With the acquisition complete they are now free to spread their wings and add to their portfolio while looking after their existing customers. My brief to Julie is simple: we are here to support her and her staff to go out and introduce even more fleet operators to the DriveSecure app.
Julie Summerell, managing director of TR Fleet, added:
“From my perspective, finding a company that can support the future of TR Fleet was vital. The lcv group has the right cultural fit, and like ourselves, staff retention is a key concern. I’ve known Rod for years and he’s always been very supportive, something of a mentor, and his team are amazing.”
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Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
