Leasing Options has acquired B2B fleet specialist Allied Vehicle Contracts for an undisclosed sum, reinforcing its work in the fleet sector.

David Whitehead (centre) of Allied Vehicle Contracts, with Mike Thompson (left) and Nigel Brain of Leasing Options

Allied Ventura Limited – which trades as Allied Vehicle Contracts and is based in West Yorkshire – was founded by David Whitehead in 1997.

Whitehead will join the Leasing Options management team as director of operations and will help to integrate Allied’s bespoke fleet management tools into Leasing Options inhouse technology systems. The fleet specialist division will continue to operate from the existing Allied Vehicle Contracts offices in Halifax.

Whitehead commented: “I am really excited about the enhanced proposition that the integration will allow the Allied brand to extend to its existing and prospective fleet client base. Leasing Options are one of the UK’s largest, most well-established vehicle leasing brokers, led by a skilled management team. The integration makes perfect commercial sense.”

The acquisition forms part of Leasing Options’ wider, ongoing business development programme which aims to further extend and consolidate its position within the UK fleet sector.

Karin Butschok, CFO and co-founder of Leasing Options, said: “This is a strategic acquisition and provides us with a specialist platform, additional skill sets, and a portfolio of bespoke systems and experience that will allow us to take full advantage of the opportunities that present themselves to us within the B2B sector. Leasing Options will be retaining the Allied Vehicle Contracts team and brand as a key component of our business fleet growth strategy.”

Mike Thompson, COO of Leasing Options, added that the acquisition was an example of the vision that the owners and management team at Leasing Options have for the future.

“We are going through a real period of growth, and this is set to continue well into 2022 and beyond.”

He added: “We have aspirations for further organic growth as well as through acquisition, should the right opportunities come along. However, we also remain committed to maintaining our personalised and flexible approach to business while upholding the excellent customer service standards, of which we are very proud.”