Fleet management company CLM has completed a management buyout from the Maxxia Group for an undisclosed sum.

The MBO was lead by a team comprising CLM’s chief executive officer John Lawrence, chief commercial officer Andy Short and chief information officer Andrew Beard

CLM has been a leader in corporate fleet management service provision in the UK since 1981 and was acquired by Maxxia, a provider of enterprise-wide financing solutions and part of the Australian McMillan Shakespeare Group,  in 2013.

The business has a strong heritage in the fleet sector and provides a full range of vehicle management services. It’s also said to have pioneered the concept of Total Fleet Outsourcing, enabling clients to outsource vehicle management to a specialist provider with the capability to manage a variety of mixed fleet scenarios without any conflict of interest.

The MBO was lead by a team comprising CLM’s chief executive officer John Lawrence, chief commercial officer Andy Short and chief information officer Andrew Beard.

The team was also supported with external investment from Colin Knowles, from Knowles Fleet, and Gareth Shaw, previously at Maxxia who now joins CLM as chief financial officer.

CLM said the MBO would accelerate opportunity and grow the business as a key provider of independent fleet management services specialising in panel funding, vehicle rental, vehicle storage and logistics, accident management and more.

Its suite of solutions includes its recently launched Lifestyle Car Choice salary sacrifice programme, developed in partnership with Knowles Fleet and underpinned by panel funding. This can help businesses reduce carbon footprint, boost employee wellbeing and offer an attractive, affordable way to drive a brand-new electric vehicle – and has been adopted with great success at Willmott Dixon.

CEO John Lawrence commented on the MBO, saying: “With investment in our fleet management propositions, technology and people, we believe we can take CLM to the next level and ensure we delight our existing and new customers, develop CLM as a fulfilling and rewarding environment to build a career in fleet management and build a profitable, fast-growing fleet management business.”