- Pictured above are Rod Lloyd, CEO of lcv group, finalising the acquisition of Julie Summerill’s TR Fleet
THE lcv group, one of the UK’s leading providers of vehicles into businesses, has acquired a high-profile national fleet services provider.
The Neath-based company has completed the purchase of TR Fleet, a specialist in consultancy, policy advice, and management services.
Lcv group said that TR Fleet would continue to operate under its existing name. All existing staff, including Managing Director Julie Summerell and Fleet Administrator Sunyia Sarfraz, would continue in their roles.
In 2022, the lcv group underwent a major rebrand. Formerly known as Low Cost Vans, the new name reflects their ever-growing product range which includes cars, short term hire and fleet services, an offering which has been further bolstered with the addition of TR Fleet.
TR Fleet will continue to service existing customers, while introducing new SME fleet operators to its popular DriveSecure app, a risk management tool. The app will continue to be supported by previous investors Safo, with whom the lcv group says it’s “looking forward to a long business partnership with.”
I have known Julie for a long time, and when the opportunity arose to purchase TR Fleet it was an easy decision to make. With the acquisition complete they are now free to spread their wings and add to their portfolio while looking after their existing customers. My brief to Julie is simple: we are here to support her and her staff to go out and introduce even more fleet operators to the DriveSecure app.
Julie Summerell added she was looking forward to working with a company that shared her vision, and with a CEO who has long supported her in the industry.
From my perspective, finding a company that can support the future of TR Fleet was vital. The lcv group has the right cultural fit, and like ourselves, staff retention is a key concern. I’ve known Rod for years and he’s always been very supportive, something of a mentor, and his team is amazing.
The acquisition, which completed on 01 April 2023, was overseen by Director of Operations Zoe Field.
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