Pictured above are, left to right, Rivervale’s Neil Chapman, Neill Cole from 1st Choice and Rivervale’s Vince Pemberton.
WELL, this is some start to 2024! Smoking down the road after news of Global Vans acquiring XLCR Vehicle Management comes this: Rivervale buys 1st Choice Vehicle Finance.
The acquisition of 1st Choice Vehicle Finance gives the Brighton-based leasing broker and automotive business a greater grip on the south coast area, following its acquisition of OSV.
It is also the third acquisition that Rivervale has made since its MBO in 2022, having first bought the Castle Minibus business at the start of 2023.
We are thrilled to welcome 1st Choice Vehicle Finance into the Rivervale family. This is a testament to our commitment to offering a diverse range of services and enhancing the overall customer experience. We look forward to integrating the strengths of 1st Choice into our operations, driving innovation and excellence.
Neill Cole, Director of 1st Choice Vehicle Finance, shares his perspective:
“We are excited about the possibilities that joining forces with Rivervale unlocks for 1st Choice Vehicle Finance. This marks a new chapter for us, and we are eager to leverage Rivervale’s resources and expertise to enhance our offerings and better serve our customers.”
Vince Pemberton, Rivervale CEO, added:
“Neill has a vast amount of motor trade experience particularly in the vehicle leasing sector that will be a great addition to the Rivervale management team.”
The addition of 1st Choice should add a further 10% to 15% in terms of volume to Rivervale.
Recently Rivervale underwent a significant rebranding with the strapline ‘Making Motoring Manageable’. It was also named Best Mid-Sized Broker in the Broker News Awards 2023.
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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.
