259 jobs saved with Leeds vehicle leasing firm’s latest acquisition

A West Yorkshire-headquartered vehicle outsourcing company has saved hundreds of jobs with its newest acquisition.

Zenith has acquired the fleet services, rental and finance operations of the Cartwright Group from administrators for an undisclosed sum.

The Leed’s firm’s acquisition, which combines the two companies to create one of the country’s largest HGV and specialist fleets with over 50,000 vehicles, will secure 259 jobs at sites across the UK.

Martin Jenkins, chief executive of the HGV and specialist vehicles division and group strategy director at Zenith, commented: “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.

“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.”

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