Ogilvie-owned Tilsun Leasing acquires First Vehicle Leasing

Pictured above are (l to r): Andy Watson (FVL), Andy Bell (Tilsun Leasing), Tony King (FVL) and Duncan Paterson (FVL).

TILSUN Leasing, the leasing broker division of FN50 leasco Ogilvie Fleet, has acquired First Vehicle Leasing for an undisclosed sum.

Based in Glasgow, First Vehicle Leasing has been trading for 25 years, specialising in the SME market.

The Tilsun acquisition buys the First Vehicle Leasing trading style, people and technology. Tilsun says that First Vehicle Leasing will retain its existing brand identity, while the buyout will create economies of scale in many areas.

We’re very excited to be acquiring First Vehicle Leasing. This is a key part of our ambitious growth strategy and will enable us to expand further. First Vehicle Leasing has built a strong brand and we’re looking forward to harnessing the company’s excellent technology and online presence. With our combined expertise, we will be one of the best resourced leasing brokers in the UK with a strong business and consumer package.

Andy Bell, managing director, Tilsun Leasing

Andy Bell is no stranger to First Vehicle Leasing. He was general manager of the business for two decades prior to joining Tilsun Leasing in 2019.

Andy Watson, pricing manager for First Vehicle Leasing added:

The First Vehicle Leasing team is really looking forward to joining forces with Tilsun Leasing, particularly with the backing of Ogilvie Fleet. Crucially, our businesses share the core values of fantastic customer service and delivery. We can’t wait to see what we can offer the market when we pool our expertise and resources.