Zenith, a vehicle outsourcing company based in Leeds, has acquired the fleet services, rental and finance operations of the Cartwright Group from administrators.
The acquisition, for an undisclosed sum, safeguards 259 jobs and creates on the largest HGV and specialist fleets nationwide with over 50,000 vehicles.
“We are backing a talented management team and people across the three Cartwright businesses we have acquired, and we look forward to working with their customers, employees and suppliers alike,” said Martin Jenkins, Chief Executive of the HGV and specialist vehicles division and Group Strategy Director at Zenith.
“The businesses have a good reputation in their sector and are a great fit with the customer-first culture at Zenith.
“Bringing these operations together is an important step in our strategic growth plans and supports our position as the leading provider of fleet services across all asset types in the UK.”
Tim Buchan, Chief Executive of Zenith, added: “We are continuing to strengthen our ability to provide a one-stop solution for our customers fleet requirements.
“The acquisition enhances our customer proposition and enables us to provide additional services for truck, trailer, van and car.
“The trailer rental market is critical to supporting peak periods of demand for supermarkets, home delivery and logistics companies, all of which are growing markets.
“At Zenith, we always put our customers first, and this acquisition is a key part of our overall strategy.”