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SMH Fleet Solutions: Minority investment backs management

Fleet-management business is driving expansion through buy and build and innovation.

Sector
  • Support services

SMH Fleet Solutions is a leading vehicle management and logistics support specialist.

Deal type
  • Development capital

Headquartered in Worcestershire, SMH Fleet Solutions provides a full suite of fleet-management services, delivering, preparing, refurbishing and re-marketing vehicles to blue-chip automotive brands, rental and leasing specialists.

Driving organic and acquisitive growth

In 2018, we made a minority investment in the firm, with acquisition facilities provided by HSBC.

Our partnership is enabling the management team of SMH to further expand its footprint by launching new sites and to grow its service proposition through an ongoing buy and build strategy, which follows the successful acquisition of vehicle-remarketing firm CD Auction Group in 2017.

In 2019, the firm expanded its ‘digital passport’ scheme, which enables de-fleeted and refurbished vehicles to be remarketed by any operator, directly from one of the company’s five sites around the UK.

In July 2020 former Citroen UK boss Karl Howkins was appointed Managing Director of SMH’s CD Auctions division and will lead the next stage of CD Auctions’ development and integration into the SMH Group, with expansion plans seeing more investment in digital platforms and physical infrastructure.

For us, the time is right to bring an investment partner on board, and with LDC, we are working with a team who understands our ambition for the future. We’re now focused on further expanding our footprint across the UK, and continuing to grow our offering to ensure our customers have a market-leading breadth of support to meet all of their vehicle management needs.”
Martin McAuley, Managing Director
SMH Fleet Solutions

Awards

Deal of the Year

SMH Fleet Solutions – Insider Midlands Dealmakers Awards