- Pictured above, left to right: Mike Thompson, David Whitehead and Nigel Brain.
LEASING Options has acquired Allied Vehicle Contracts, a West Yorkshire-based B2B leasing broker, for an undisclosed sum.
The purchase will help the business development programme of the Manchester leasing broker, offering it a wider business and fleet footprint to add to its personal leasing business.
Originally founded in 1977 by David Whitehead, Whitehead will now join the management team at Leasing Options, taking the role of director of operations.
Whitehead will initially be focused on the integration of Allied Vehicle Contracts’ bespoke fleet management tools within the Leasing Options technology platform. The fleet specialist division will continue to operate from its existing offices in Halifax.
This is an exciting time for Leasing Options, and we are delighted to announce this significant development for the business. We believe the combined strengths and synergies derived from the integration will enable us to compete at the highest level in the UK fleet sector, bolstering our established presence in the B2B marketplace.Nigel Brain CEO and co-founder, Leasing Options
Karin Butschok CFO and co-founder of Leasing Options added: “This is a strategic acquisition and provides us with a specialist platform, additional skill sets, and a portfolio of bespoke systems and experience that will allow us to take full advantage of the opportunities that present themselves to us within the B2B sector. Leasing Options will be retaining the Allied Vehicle Contracts team and brand as a key component of our business fleet growth strategy.”
Butschok added that Leasing Options management was impressed by the prioritisation of customer service and creative fleet solutions of the Allied business
This really is a further demonstration of the exciting plans and vision that the owners and management team at Leasing Options have for the future. We are going through a real period of growth, and this is set to continue well into 2022 and beyond.Mike Thompson, COO, Leasing Options
Thompson added that further acquisition, along with organic growth, would be on the cards if the right opportunities presented.
David Whitehead added: “I am really excited about the enhanced proposition that the integration will allow the Allied brand to extend to its existing and prospective fleet client base. Leasing Options are one of the UK’s largest, most well-established vehicle leasing brokers, led by a skilled management team. The integration makes perfect commercial sense.”
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.