THE Bridle Group has expanded again with the purchase of Federation member Fulton Leasing.
The sum paid is undisclosed.
The Berkshire-based broker has been operating for 36 years, but Fulton Leasing founder, Gary Swallow, will leave the business along with Eddie Mason.
Co-Director, Tano Di Girolamo, will remain in his capacity as Managing Director. Di Girolamo has worked at Fulton Leasing for over 20 years.
According to Bridle, the remainder of the Fulton team remains.
Chairman of Bridle Group, Stewart Donald commented on the purchase of Fulton Leasing:
“It’s no mean feat to have been around for 30 years and still have one of the founder directors involved in the business. Tano’s continued involvement embellishes the desire to stay ahead of the game and we are delighted to add such a prestigious business and brand to our group of companies.”
Tano Di Girolamo added:
“Our customers are the very reason we exist and we don’t ever take that for granted, some of whom have been dealing with us for over 20 years.
“We have pushed back on becoming solely an internet based transactional business, but have embraced change and this exciting opportunity offers me the investment and support to ensure we remain competitive and efficient.”
The addition of Fulton Leasing to the Bridle Group sees its fleet size increase to over 30,000 vehicles, which would place it in the top 10 of the FN50.
Fulton Leasing funders include Alphabet, Close Brothers Leasing, Hitachi Capital Vehicle Solutions, LeasePlan, Lex Autolease and Santander.