Monday, October 26, 2020

Zenith acquires counterpart’s assets out of administration

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.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Flooring company expands with new distribution centre

A distributor of floorcoverings and matting products has opened a new distribution centre in Yorkshire, after expanding into premises at Leeds 27 Industrial Estate. Likewise...

Hull’s visitor economy worth £350m

Hull is continuing to grow its reputation as a top destination for both domestic and international tourists with its visitor economy growing to £350m...

Private equity firm makes Leeds its global HQ

A private equity firm is making Leeds its global headquarters and is seeking to invest in advanced technology companies across the region and further...

Decline in manufacturing activity slows from July slump but remains weak

Output volumes in the three months to October fell at their slowest pace since March 2020, according to the latest CBI quarterly Industrial Trends...

Clean energy company raises £165m

ITM Power, the Sheffield-based energy storage and clean fuel company, has raised £165 million. The listed company raised £135 million with the placing of new...

Planning granted for warehouse & distribution centre at Melton West business park

Full planning permission has been granted for the development of a major warehouse and distribution centre at Melton West business park. The 123,000 sq ft...

Related news

Flooring company expands with new distribution centre

A distributor of floorcoverings and matting products has opened a new distribution centre in Yorkshire, after expanding into premises at Leeds 27 Industrial Estate. Likewise...

Hull’s visitor economy worth £350m

Hull is continuing to grow its reputation as a top destination for both domestic and international tourists with its visitor economy growing to £350m...

Private equity firm makes Leeds its global HQ

A private equity firm is making Leeds its global headquarters and is seeking to invest in advanced technology companies across the region and further...

Decline in manufacturing activity slows from July slump but remains weak

Output volumes in the three months to October fell at their slowest pace since March 2020, according to the latest CBI quarterly Industrial Trends...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close