CLM Fleet Management has stressed that it’s business as usual following the news that it has been acquired by Maxxia, a provider of enterprise-wide financing solutions and part of the Australian McMillan Shakespeare Group, for an undisclosed amount.

Maxxia will now run CLM’s independent vehicle management service

Established in 1981, CLM is a specialist vehicle fleet management company with a fleet of more than 12,000 vehicles. It provides a full range of vehicle management services to the fleet sector.

Maxxia will now run CLM’s independent vehicle management service, enhancing the fleet management and cost management expertise previously available. The acquisition means the market can now access general asset financing, vehicle finance, sale and leaseback, fleet management and employee leasing solutions from one provider.

‘We are always seeking to build out stronger capabilities to support the changing needs of businesses,’ said Roger Skinner, CEO of Maxxia. ‘We have a strong heritage in the fleet sector; a number of the management team came from leadership positions at the Masterlease Group. CLM is a long-established, well-respected firm and the benefits of combining its fleet management expertise with our broader financing capabilities were very clear. We are now able to provide a holistic answer to financing, leasing and vehicle management needs and I look forward to working with the expanded team to deliver this.’

The two firms said that their clients will not experience any change in service and CLM’s executive and senior management will remain in place to support the integration.

Tony Hulatt, managing director of CLM, added: ‘There is a good cultural fit between our two businesses. We both have a strong focus on customer service and are firm believers in a transparent and integrated approach. We built our business on the premise that a single point of contact, which can actively manage any fleet requirement, is better for businesses. The acquisition by Maxxia takes that one step further to offer truly consolidated fleet management solution.’