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Fleet management specialist SG Fleet acquires Fleet Hire

By / 4 years ago / Latest News / 1 Comment

SG Fleet has acquired Solihull-based contract hire, fleet management and salary sacrifice specialist, Fleet Hire in an agreed takeover.

SG fleet logo_cmyk

SG Fleet has acquired Fleet Hire in an agreed takeover.

Australian-listed SG Fleet Group manages a fleet of around 130,000 vehicles in Australia, New Zealand and the UK. Fleet Hire, which has 60 staff, has around 6,500 vehicles.

The senior Fleet Hire team of chief executive officer, Graham Hale, chief operating officer Chris Joyce, and sales director Nick Poole will remain with the business.

In a statement, SG Fleet said the acquisition provided it with, “critical mass in the attractive UK fleet market and, in combination with our existing local business, will create a profitable platform for future growth.”

The deal was completed at the end of last week and both businesses see the move as being “very positive” for their future development.

Commenting on the takeover, SG Fleet UK managing director, David Fernandes, said: “Fleet Hire is an ideal fit for our long-term growth strategy in the UK. Coupled with the invaluable expertise we have gained by retaining the commitment of the existing management team, we have made a significant stride forward in this market.

“Our Novalease product has already been very successful in the UK salary sacrifice market and, combining it with a more sizeable operation, will make us capable of servicing ever larger customers.”

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Katie Beck

Katie joined Fleet World in 2012 as an editorial intern, following the completion of an English and American Literature BA from the University of East Anglia. She accepted a full-time position as an editorial assistant at the end of the internship period, and was promoted to the role of features editor in 2014. She works across the magazine and website portfolio, and administrates the social media channels.