Hill Dickinson has advised the Acquiro Group Limited (the parent company of the Commercial Fleet Rentals Group), a leading supplier of contract hire vehicles in the North-West, on its acquisition of the Bank View Hire Group (‘Bank View’) for an undisclosed sum.
Bank View is Liverpool’s leading independent vehicle Hire Company and has been under the ownership of the same family since it started trading in July 1966.
Matt Noon (partner) and Alex Thow (legal director) in Hill Dickinson’s corporate team (Liverpool) led on the transaction, advising Acquiro Group.
We’re delighted to have supported our client Commercial Fleet Rentals Group on this transaction, which represents an exciting step forward for Acquiro’s buy and build strategy to expand and strengthen its presence in the UK vehicle rental and fleet management sector. The Bank View brand is very well known and hopefully plays a key part in the enlarged groups future growth.Matt Noon
Corporate Partner at Hill Dickinson
Matt Noon commented: “We’re delighted to have supported our client Commercial Fleet Rentals Group on this transaction, which represents an exciting step forward for Acquiro’s buy and build strategy to expand and strengthen its presence in the UK vehicle rental and fleet management sector. The Bank View brand is very well known and hopefully plays a key part in the enlarged groups future growth.”
Adam Maclean (CEO of the Aquiro/Commercial Fleet Rentals Group) commented: “The acquisition of Bank View is a massive step for us, significantly expanding the size of our fleet and allowing us to continue to provide best in class service to our customers across the UK. With the addition of Bank View, Acquiro’s combined fleet now exceeds 700 vehicles, and we expect that to be over 1,000 very soon linked to our buy and build plans ”
Martin Holmes (Director of Acquiro Group/Commercial Fleet Rentals) commented: “We are delighted to have secured this transformative acquisition, and we thank Maureen in particular for her stewardship of the Bank View business over the last 20+ years. The enlarged fleet and expanded operational footprint significantly strengthen our market position, enhance our market position and creates new opportunities to serve a broader regional client base. Thanks too as ever to Matt and Alex at Hill Dickinson who provided invaluable support us on the transaction, providing us with timely and commercially focussed advice throughout.”