Alantra advised the shareholders of Fleet Hire on the sale of the business to Australian-based SG Fleet Group Limited

Jul 2016

Sell-side advisory

Alantra has advised the shareholders of Fleet Hire on the sale of the business to Australian-based SG Fleet Group Limited.

Headquartered in the West Midlands with 60 staff, Fleet Hire is a provider of contract hire, salary sacrifice, short-term rental and fleet management services. The company has been very successful at positioning itself as a “one stop” provider of its full range of services and has seen continued organic growth, recently breaking into the UK market’s Top 25. With a current fleet size of approximately 6,500 units, the business offers traditional corporate leasing for multi-year periods to corporates, as well as Car Salary Exchange, its rapidly growing salary sacrifice product. The company has a range of well-entrenched customers across various industries, from SMEs to large listed entities.

SG Fleet Group Limited is a significant player in the international fleet management and leasing industry, with operations in Australia, New Zealand and the UK. SG Fleet manages in excess of 83,000 assets and is also a leading provider of vehicle salary packaging solutions in the Australian and UK marketplaces.