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Hazlewoods’ corporate finance team alongside the team at BPE Solicitors have advised on the sale of XLCR Vehicle Management, a car and van leasing company, to Global Vans.
XLCR is a UK-based, SME-focused broker specialising in light commercial vehicles and business cars, delivering over 2,500 units annually. XLCR was founded in 2000 and is headquartered in Colne, Lancashire, with an additional sales office based in Plymouth.
As part of the sale, the company’s founders and the management team will remain in place to continue to grow the business and to support its integration.
The buyer, Global Vans, is backed by H2 Equity Partners, an independent investment firm founded in 1991, that invests in medium-sized companies with significant growth or improvement potential.
The Hazlewoods team was led by corporate finance partner James Whittaker and tax director Megan Lewis-Bourke, while the BPE team was led by Adam Kean.
Kean and Whittaker said: “XLCR is a highly regarded business which has specialised for many years in car leasing and contract hire. The sale to H2 Equity Partners is a natural progression and will aid its growth plans.
“It was a pleasure working with the team at XLCR and we wish them every success in the future.”
Lee Duerden, CEO of XLCR, added: “We are delighted to have completed the deal and look forward to working with H2 Equity Partners.
“James and Megan at Hazlewoods and Adam at BPE were with us every step of the way and were instrumental in getting the deal over the line and providing pragmatic and seamless advice.”
