The LCV Group is joining with XLCR and Global Vans in Global Vehicles Group.
The LCV Group, which specialises in selling vehicles to business customers, is said to be complementary in terms of ethos, customers and skill sets with the group’s existing members.
The businesses will continue to have the same management and will retain their individual brands and identities.
The LCV Group MD Rod Lloyd will work in consultation with the executive board of Global Vehicles Group, which is led by CEO Andrew Hurst.
Lloyd said: “I’ve known Andrew and the XLCR business for a long time and when we spoke about The LCV Group becoming part of Global Vehicles Group I knew LCV would be in safe hands and they would invest to facilitate further growth.
“It’s a fantastic opportunity and LCV will remain as a strong brand within the new group. I’m excited to see what the future brings.”
Hurst said the deal would create: “The UK’s best and most innovative, tech-enabled, SME specialist broker for LCVs and cars, their electrification, insurance and ancillary products”
