First Vehicle Leasing has been bought by Tilsun Leasing, part of Ogilvie Fleet, for an undisclosed sum.

The deal supports Tilsun’s growth plans while creating economies of scale in many area

Based in Glasgow, First Vehicle Leasing is an online leasing broker that services both consumers and the SME fleet market nationally. It’s been trading for nearly 25 years, over which time it’s grown an established client base.

The deal supports Tilsun’s growth plans while creating economies of scale in many areas.

The agreement includes the First Vehicle Leasing trading style, people and technology, and the business is expected to retain its existing brand identity.

Andy Bell, managing director of Tilsun Leasing, said: “This is a key part of our ambitious growth strategy and will enable us to expand further. First Vehicle Leasing has built a strong brand and we’re looking forward to harnessing the company’s excellent technology and online presence. With our combined expertise, we will be one of the best resourced leasing brokers in the UK with a strong business and consumer package.”

Bell already has strong knowledge of First Vehicle Leasing, after serving as general manager of the business for two decades prior to joining Tilsun Leasing in 2019.

Andy Watson, pricing manager for First Vehicle Leasing, added: “The First Vehicle Leasing team is really looking forward to joining forces with Tilsun Leasing, particularly with the backing of Ogilvie Fleet. Crucially, our businesses share the core values of fantastic customer service and delivery. We can’t wait to see what we can offer the market when we pool our expertise and resources.”