At Hutchinson Thomas Solicitors, we are delighted to have played an integral role in the sale of lcv group and TR Fleet, which will join XLCR and Global Vans to create the Global Vehicle Group. This complex transaction, which was managed by our partners Darren Davies and Huw Jones, involved the sale of the former Low Cost Vans broker business from Crownhawk Properties, along with the sale of TR Fleet, a fleet management consultancy acquired by CEO of lcv group, Rod Lloyd, in 2023.
The deal sees the lcv group now become a trading style of XLCR Vehicle Management Ltd. Rod Lloyd, CEO of the lcv group, will remain instrumental to the business, working alongside the executive board of the Global Vehicle Group, while the three brands – lcv group, TR Fleet, and XLCR Vehicle Management – retain their unique identities.
The past 12 months have been a period of exciting change for the lcv group. In early 2024, the business moved into a new large-scale complex in Swansea, was named Best Mid-Size Broker in the Broker News Awards and celebrated its 25th anniversary.
We were proud to help facilitate this next stage of the lcv group’s journey, ensuring the legal side of the transaction was handled efficiently and effectively.
Commenting on our role in the transaction, Rod Lloyd said:
“Darren, Huw, and the Hutchinson Thomas team were instrumental in completing this acquisition. Their expertise and ability to handle the intricacies of the transaction allowed me to focus on the broader vision for the lcv group. I am incredibly grateful for their support, guidance, and professionalism during such a pivotal moment for the lcv group.”
Darren Davies, Partner, said:
“It has been a pleasure to work with Rod and the team at the lcv group during this significant milestone. Supporting a business with such a rich history and an exciting future is what we thrive on as a firm.
“It’s always a privilege to support clients during key moments in their business journey. Rod and the lcv group have built a fantastic brand, and we’re thrilled to have helped them take this important next step.”
Huw Jones, Partner, added:
“This transaction highlights the importance of having experienced legal partners to guide the process. We’re proud to have contributed to a deal that positions the lcv group for further growth as part of the Global Vehicle Group. Mergers and acquisitions require precision and collaboration, and it’s been a pleasure to support their ambitions with sound legal expertise.”
At Hutchinson Thomas, we take pride in supporting local and national businesses during key moments in their journeys. Transactions like this underscore the importance of trusted legal guidance, and we are proud to have helped the lcv group take this next step with confidence.
If your business is preparing for an acquisition or merger, our experienced team is here to help make the process as seamless as possible. Contact us via phone 01639 645 061 or email at darren.davies@hutchinsonthomas.com or huw.jones@hutchinsonthomas.com