Global Vehicle Group (GVG) has announced the acquisition of Glasgow-based leasing broker and fleet management specialist Fleet Alliance, according to a press release issued by the company.
The financial details of the transaction have not been disclosed.
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Fleet Alliance will join Global Vans, XLCR Vehicle Leasing, and the LCV Group under the GVG umbrella. Together, the combined group now represents the UK’s largest and most diverse B2B leasing broker, offering full market coverage across cars and vans — from individual customers to fleets exceeding 1,000 vehicles.
The press release states that the enlarged business will manage over 70,000 vehicles with annual volumes of around 18,000 units and a total funded value exceeding £2.5 billion.
GVG confirmed that while the businesses will share resources and best practices, each will “continue to operate independently with their own management teams and brand identities.”
Andrew Hurst, CEO of Global Vehicle Group, said the addition of Fleet Alliance provides “complete coverage of the B2B sector” and “perfectly complements the existing group businesses.” He noted that while each company shares a strong team culture and a focus on customer experience, the group would also benefit from “leveraging best practices and offering a wider range of products and services.”
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By GlobalDataMartin Brown, Chair of Fleet Alliance, welcomed the acquisition, saying the company was “delighted to become part of the Global Vehicle Group family” and looked forward to working alongside the other businesses “as part of the largest B2B-focused leasing broker in the UK.”
Founded in 2002, Global Vans is headquartered in Bristol, with offices in Hemel Hempstead and Cardiff. The group is led by CEO Andrew Hurst and co-founder Jon Lewis, with CFO Emma Thomas overseeing financial operations.
GVG most recently expanded through the acquisition of XLCR Vehicle Management Ltd in December 2023. Founded in 2000, XLCR operates from Colne and Plymouth and is known for its proprietary tech and strong customer service focus. Its leaders, Lee Duerden and Shaun O’Neill, now serve as GVG’s Chief Operating Officer and Group Chief Sales Officer, respectively.
