BRIDLE Vehicle Leasing is really on the acquisition trail.
The small fleet leasing specialist has added to its growing portfolio with the acquisition of Petersfield based Industrial Vehicle Leasing in Hampshire.
The purchase comes on the back of the recent integration of Portsmouth based Compass Contract Hire.
Bridle Vehicle Leasing says the two acquisitions take its fleet size to over 4500 vehicles.
“Both directors of Industrial Vehicle Leasing have extensive knowledge in fleet management, where the company already has a fleet management portfolio of over 200 vehicles, something which Bridle is keen to learn from,” commented Bridle Vehicle Leasing director Alan Carreras.
Both Industrial Vehicle Leasing directors – John Crombie and Peter Lague – will remain with the business, as was the case with Compass directors Phil Page and Ian Jeffery.
“Our core business at the Bridle Group is the provision of insurance. We currently insure around 18,000 company or fleet vehicles, while we also have a sizeable personal lines insurance team who deal with individual policies for those clients who prefer personal finance schemes rather than the company car alternative.
The acquisition of Compass and Industrial Vehicle Leasing adds additional credibility to our business
“This also includes specialist schemes where we cater for ‘exotics’ or high value vehicles.
“The acquisition of Compass and Industrial Vehicle Leasing adds additional credibility to our business. With the fleet management expertise that Peter and John bring with them, we hope to transfer these products and practices to our own client base so they can see the benefits full fleet management offers.”
The Bridle Group is based in Oxford with an additional office at Chandlers Ford in Hampshire.
The rapidly expanding Group also includes the small fleet leasing specialist Vesource.